US MIDDAY: coffee and cocoa ease

26 Mar, 2009

Arabica coffee and US cocoa futures eased in early trade on Wednesday, correcting lower and remaining rangebound, traders said. Arabica coffee for May delivery down 0.85 cent at $1.1590 per lb, by 9:07 am EDT (1307 GMT). Session range from $1.1530 to $1.1655 per lb. May volume at 2,771 lots.
The rest ranged 0.75 cent to 1.00 cent lower. Benchmark May cocoa fell $44 at $2,565 per tonne by 9:08 am. May volume at 3,551 lots. Session range from $2,542 to $2,605. The rest of the contracts ranged from $38 to $59 weaker.

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