Arabica coffee futures closed with gains Monday helped by lower export data and a recovery of the emerging
market currencies. The most active contract for December delivery settled 325 points higher at 127.55 cents a
pound. Volume was good at 30,902 lots, including 4,892 switches. The active switch December –March switch
remained firm at -3.05 cents, accompanying the recent rally. Export data, published by the ICO today,
revealed that global exports in August fell 2.6 percent from a year earlier. The cumulative Arabica exports for
the season to date fell 2.3 percent to 62.91 million bags, and the cumulative Robusta exports for the season to
date dropped 3.5 percent to 39.04 million bags, according with the report. The real was trading steady at BRL3.9050 and the Colombia peso recovered sharply trading at COP2,982 at 1:00 pm EST.
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