·ICE Arabica futures March contract opened 145 points lower today at 152.40 cents a pound and is currently trading at 153.15 cents.
·LIFFE Robusta futures January contract opened $12 lower today at $1884 a ton, and is currently trading at $1885.
·European stocks are falling from an 18-month high, while investors are concerned over Italian Prime Minister Mario Monti’s resignation and the possibility of Silvio Berlusconi returning to leadership.
·The US fiscal cliff continues to weigh on the markets with President Obama and Republican House Speaker John Boehner meeting privately to discuss a resolution.
·Crude Oil is trading higher on news of improved Chinese industrial output.
·Vietnamese coffee is entering the Robusta market in good volume and may continue to limit any upward movement.