ICE Coffee Futures Plunge 6 cents on Rain Forcast by FC Stone

Arabica coffee futures continue to fall Friday   on forecast of rains for Brazil and   macroeconomic factors.   The active contract for December delivery lost 600 points to close at 126.45 cents a pound.   The volume reached 39,074 lots, supporting the commercial activity.  Activity on the December / March switch was also noted with 5,342 switches traded.  The discount appears to start attracting buying interest anticipating a possible narrowing for the December delivery.    On weather news, SOMAR said Friday, that a cold front with good rains will enter the coffee regions during the  weekend,  breaking  a  dry  and  hot  period.    Rains  will  help  a  good  flowering  according  with  several sources. Currencies of major producing countries fell against the dollar.  In Brazil the real was trading at BRL 3.4950 and the Colombian peso at COP3, 101 at 4:15 pm EST.  The COP peso fell for twelve consecutive day.  The turmoil continued  affecting  the  world  stock  markets.    The  Dow  Jones  declined  531  points  or  3.1  %,  as  signs  of  a  sharp slowdown  in  China  caused  a  global  equities  sell-off.    During  the  week,  Arabica  prices  declined  $0.1470  or  10.4 %.  Heavy liquidation ahead of the FND and the global situation caused the drop.