ICE Coffee Futures Decline by FC Stone

Arabica  coffee  futures declined Wednesday  induced by  a  general fall  of  the  commodity  and  equity
markets.    The  nearby  contract  for  September  delivery  settled  415  points  lower  at  131.15  cents  a
pound.  Volume was boosted by switches and a large volume of against actuals.   Total volume reached
57,108 lots; 17,308 switches;   and 7,659 AAs.   Repos ahead of the September delivery revealed the
AAs.  Currencies of Brazil, Colombia and Vietnam remained weak adding weight on the coffee prices.  
The COP traded at a new historical low of COP 3,042.70, ending at COP3, 022.9.  Commercial activity
from  origin  was  noted  in  today’s  session.    Producers  were  good  sellers  taking  advantage  of  the
depreciation of the currencies.  US stocks fell as energy stocks continued to fall.  Concerns about China
growth affected consumer stocks as well.