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.
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