Arabica coffee futures eased early Wednesday, briefly breaking through key support after automatic sell orders were triggered. US cocoa futures slipped on a weak pound, traders said. Arabica coffee for March delivery down 1.25 cents at $1.1365 per lb by 9:16 am EST (1416 GMT).
Trading range from $1.1270 to $1.1525. March volume at 4,687 lots. The rest ranged 1.00 to 2.15 cents lower. Benchmark March cocoa down $11 at $2,459 per tonne by 9:16 am with volume at 2,321 lots. Session range from $2,444 to $2,486. The rest $15 higher to $9 lower.
Comments
Comments are closed.