Arabica Coffee Futures Closed Lower Friday on Quite Day by FC stone

Arabica coffee futures closed lower Friday on quiet day, reflecting the long weekend.  The market will
be  close  on  Monday    on  observance  of  the  Labor    day  holiday.  The  active  contract  for  December
delivery lost 40 points to 119.15 cents.  Volume reached 11,923 lots including 1,615 switches.  The
active  December-March  switch    ended  unchanged  at  -3.50  cents.    Usually  the  structure    tends  to
widened  to -3.5 to  -4.0 cents  before the FND Nov 18.   The real continued to depreciate, trading at
BRL3.8375  at  2:00  pm  EST.    During  the  week,  Arabica  prices  drop  4.90  cents  per  pound  or  3.95
percent.  Spec short covering  pared the losses  on Thursday,  when the market posted  new contract’s
lows at 117.75.