ICE Coffee Futures End Higher on Revised Crop Estimates by FC stone

Arabica coffee futures ended higher Wednesday following the revision  of the 2015 Brazilian
crop  estimate    by  Volcafe.      The  active  contract  for  December  delivery  settled  165  points
higher at 122.20 cents a pound.  In the report, Volcafe,  estimated  the 2015 Brazilian crop at
48.3  million  bags,  down  3.6  million  bags  from  their    previous    estimate  they  did  on
May.    Conillon  output  is  estimated  at  15.7  million  and  Arabica  at  32.6  million.    The  figure
pushed  down  the  average  to  47.1  million    from  all  major  estimates  published  this  year  so
far.   Total global deficit is forecasted at 3.5 million from 6.4 million deficit during 2014-15
season, they added.   In other related news,  Brazilian coffee inventories at the end of March
were estimated at 14.3 million, down from 15.2 million March 2014, CONAB said.  Currencies
in producing countries were mixed,  the real recovered modestly while the peso continued to
decline, trading at BRL3.6010 and COP3,259.3 at 3:45 pm EST.  US stocks recovered  after six-
day selloff,  adding the bullish sentiment.