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  • Nov 10th, 2005
  • Comments Off on US MIDDAY: coffee retreats on trade buying
US coffee futures ended weaker on Wednesday after speculators and producers sold into a three-month high, while market participants digested a report showing a strong Brazilian crop next year, traders said.

The New York Board of Trade's front-month December arabica contract lost 0.95 cent, or about 0.9 percent, to settle at $1.0690 a lb, after trading from $1.0585 to $1.0850. The top trade, which was 0.50 cent above Tuesday's peak, was the loftiest price for the contract since August 12.

Among other NYBOT arabica futures, March slipped 0.90 cent to end at $1.1075 a lb, and more distant deliveries finished off 0.10 to 0.80 cent.

Copyright Reuters, 2005


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