ICE Coffee Futures Decline on Weak Real by FC Stone

Arabica  coffee  futures  declined  Monday  on  speculative  selling  prompted  by  weakness  of  the  Brazilian
currency.  Volume remained moderate, reaching 19,365 lots, including 2,849 switches.  The real dropped the
most among the major currencies following negative economic data from China confirming the manufacturing
slowdown.      The  real  devaluated  1.6  percent  ,  trading  BRL4.0600  at  3:15  pm  EST.    Lack  of  follow-
through  against the recent resistance  levels provoked speculative liquidation.  Equity and commodity marketsfell  today, adding the bearish sentiment to the soft commodity  complex.   Tomorrow, CONAB will publish thethird estimate for the 2015-2016 Brazilian crop.  Last estimate  from CONAB was 45.28 million bags.