London coffee futures down

London coffee futures weakened on Wednesday as speculators and funds pushed the market lower and eventually broke the support barrier that had kept the market in a narrow range for two weeks, dealers said.
Prices hit two-month continuation lows, losing most of the gains accumulated this year, as industry interest retreated in the face of a weakening euro against the dollar.
Benchmark May closed $9 weaker at $729 a tonne, having moved in a $737-720 range on 6,177 lots. July ended $6 lower at $750 on 2,879 lots out of a total turnover of 12,855 lots.