US MIDDAY: cocoa, coffee ease

05 Feb, 2009

US cocoa and arabica coffee futures eased in thin dealings Wednesday, pressured by chart-based indicators and a firmer dollar, traders said. Arabica coffee for March delivery down 0.25 cent at $1.19 per lb by 9:17 am EST (1417 GMT). Trading range from $1.1840 to $1.1925.
* March volume at 1,504 lots. The rest ranged 0.30 to 0.35 cent lower. Benchmark May cocoa down $29 at $2,720 per tonne by 9:18 am with volume at 1,583 lots. Session range from $2,698 to $2,746. The rest from $28 to $47 lower.

Read Comments