Coffee Futures Little Lower

September Coffee is trading at 141.20, down 0.95 cents/lb. December Coffee is trading at 144.40, down 0.95 cents/lb. Coffee futures are trading a little lower early Friday morning. Market talk about global coffee supply and demand estimates is making the rounds. The average street estimate for the 2015 to 2016 season are showing a global coffee production deficit of 250,000 bags with a wide range of a 7 million bag deficit to a 5 million bag surplus. The International Coffee Organization is forecasting Brazil's coffee production to be near 55 million bags versus 43.2 million bags a year ago. Brazil's coffee harvest is about 70 percent done. Market talk about traders adjusting positions for month end is showing up. Trading is expected to be choppy.