US MIDDAY: coffee down, cocoa up

Arabica coffee futures lost some ground early Friday while cocoa held a steadier tone, as both markets continued to trade in a band of consolidation, traders said. Arabica coffee for December delivery was down 2.30 cents or 1.67 percent at $1.3530 per lb by 9:32 am EDT (1332 GMT), dealing between $1.3475 and $1.3765.
The rest of the board was flat to down 2.20 cents. December volume was at 2,776 lots. Benchmark December cocoa edges up $3 to $2,743 a tonne by 9:33 am, moving from $2,710 to $2,772. Deferred or back month contracts steady to up $7.