US MIDDAY: coffee dips on speculative selling

24 Nov, 2005

US coffee futures settled down 1.1 percent in thin volume on Wednesday, weakened by fund and speculative selling ahead of a long weekend, market sources said.
The New York Board of Trade's active March arabica contract fell 1.10 cent to settle at $1.0130 cents a lb, after trading from $1.0060 to $1.0225. May arabica lost 1.20 cent to end at $1.0340 a lb, and more distant contracts concluded off 1.35 to 1.65 cent.
The New York Board of Trade will be closed Thursday and Friday for the US Thanksgiving holiday. Markets will resume trading at normal business hours on Monday.

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