Arabica coffee futures lower Monday in another general selloff of the commodity and equity markets. The
active contract for December delivery settled 475 points lower at 121.70 cents a pound. The volume reached
40,291 lots , including 6,905 switches. The active December – March switch widened 10 points to end at - 3.55 cents. Markets throughout Asia and Europe tumbled early, with the DJ index trading 1,000 points down after the opening. The sharp fall impacted all commodities as the oil that traded under $38 per bbl, for the first time since Feb 2009. In the currencies, the real and the peso again were under pressure, trading at BRL3.5513 and COP 3,222.10 at 1:45 pm EST. In weather news in Brazil, a cold front will bring rains to Parana, Sao Paulo and south of Minas Gerais during the next 4 to 5 days. Mostly dry weather will return to the coffee regions early September, according with SOMAR.