US MIDDAY: coffee plunges on fund selling

Arabica coffee futures closed down Tuesday on follow-through fund selling from the previous session, while weather conditions remain favourable for most coffee belts across Latin America, traders said.
On the New York Board of Trade, the most-active December coffee contract settled at 70.85 cents a lb, down 1.35 cents or about 1.9 percent. The contract traded from a low 70.45 cents to 72.65 cents.
Spot September declined 1.15 cents to 67.15 cents, while longer-dated contracts ended 1.00 cents to 1.30 cents lower from Friday.