Arabica coffee futures eased early Thursday, on pressure from the commodity complex, while US cocoa futures reversed down on the heels of the weak pound, traders said. Arabica coffee for July delivery down 1.35 cents at $1.1515 per lb. by 9:16 a.m. EDT (1316 GMT). Session range from $1.15 to $1.1685 per lb. July volume at a light 2,685 lots.
The rest of the contracts ranged from 0.30 to 1.40 cents lower. Benchmark July cocoa fell $4 to $2,399 per tonne by 9:18 a.m. July volume at 1,967 lots. The range from $2,394 to $2,444. The rest ranged from $39 higher to $2 lower.
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