Arabica coffee futures trading on ICE Futures US moved a bit higher after holding above Tuesday's low in early action Wednesday, while cocoa futures were little changed in quiet trade. ICE Futures US May coffee up 0.95 cent at $1.3005 per lb at 9:28 am (1328 GMT). Trading band was $1.286 to $1.3095.
Back of board up 0.65 to 1.20 cents. Short-term speculative buying boosting prices. Cocoa Benchmark May contract down $4 at $2,278 per tonne by 9:30 am, in narrow range spanning $2,269 to $2,290. Other contracts down $2 to $3. May contract holding key support level at $2,269 in quiet trade. Technical bounce expected, traders said.