US MIDDAY: coffee, cocoa down

Arabica coffee futures trading on ICE Futures US dropped about 2 percent in early trade on Wednesday, while cocoa slipped nearly 3 percent, on heavy pressure from the strong dollar. July arabica contract was down 2.20 cents or 1.7 percent at $1.314 per lb at 9:20 am (1320 GMT), trading from $1.3115 to $1.339. The rest down 1.95 to 2.30 cents.
Total coffee futures volume on Tuesday at 12,472 lots, up mildly from previous 12,304 lots. July cocoa contract was down $78 or 2.8 percent at $2,648 per tonne by 9:22 am, trading from $2,628 to $2,625. Volume Tuesday at a light 12,870 lots, up from 5,344 lots the previous day.