US coffee futures reversed course to finish easier and beneath a six-week peak Wednesday, hit by modest speculative selling after two days of gains, dealers and analysts said.
The New York Board of Trade's active December arabica contract settled down 0.60 cent at $1.0405 per lb after trading $1.0670 to $1.0250. March lost 0.45 cent to $1.0695 and deferred deliveries dropped 0.25 to 1.50 cents.
Short-term spec players saw an opportunity to pressure prices amid a lack of follow-through buying after December delivery ran into resistance just shy of $1.07 a lb, trading sources said.
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