US coffee futures sagged nearly 2 percent to a 9-day low Wednesday, pressured by selling from Brazilian producers and speculators reacting to technical price signals, traders said.
The New York Board of Trade's active December arabica contract fell 2.0 cents, or 1.9 percent, to settle at $1.0170 a lb after trading from $1.01 to $1.05. March slid 1.80 cent to end at $1.0495 a lb, while back month contracts lost 1.10 to 1.75 cents a lb.