ICE Coffee Futures Decline on Weather News by FC Stone

Arabica  coffee futures  continued to  fall  as  rains  in  Brazil developed during  the  weekend  alleviating
recent concerns of possible damage to the coffee trees.   The contract with most of the activity for
December delivery settled 115 points lower at 117.30 cents a pound.  Volume remained moderate at
25,555  lots,  including  5,585  switches.    The  nearby  switch  widened  5  points  to  end  at  -3.40
cents.   Rains up to 0.60 inches were reported in the main growing areas,  and are expected to remain
periodic during the next five days.  Brazilian real devaluated 0.7 percent, trading at BRL3.9070 at 4:00
pm EST. Other markets were  mixed.