Coffee Extends Losses

Coffee futures have moved lower extending early losses on Monday. September Coffee is trading at 130.00, down 3.35. Weather forecasts and chatter about progress of coffee harvest in Brazil continues make the rounds. Market talk about month end positioning, currency values and global financial market volatility has kept both buyers and sellers active. Market chatter about Vietnam producers selling just above current prices continues. ICE exchange deliverable warehouse stocks last week were up 3,569 bags to 2.149 million with 36,491 bags under review.