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  • Oct 28th, 2005
  • Comments Off on US MIDDAY: coffee down on cash demand
US coffee futures finished down Thursday for the second straight session, unmoved by signs of tight premiums and rising demand in the cash market, traders said.

The New York Board of Trade's active December arabica contract fell 1.55 cents or 1.5 percent to settle at $1.0015 a lb after trading from 99.9 cents to $1.0170. It was contract's weakest finish since October 14.

March likewise lost 1.55 to $1.0340 and the back month contracts shed 1.50 to 1.60 cents. NYBOT coffee futures trading volume amounted to an estimated 12,250 lots, below Wednesday's official tally of 14,323 contracts.

Copyright Reuters, 2005


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