New York Coffee Little Lower, Green Coffee Stocks Rise
September Coffee is trading at 146.00, down 1.55 cents/lb.
December Coffee is trading at 149.00, down 1.50 cents/lb.
Coffee futures are trading choppy. Market chatter about coffee demand and production in Brazil has kept both buyers and sellers active.
Green coffee stocks in the U.S. rose during June by 126,424 bags to 6.21 million bags. Green coffee stocks are at the the highest level since August of 2003.
In other New York Soft commodities;
September Cocoa is trading at 3069, up 4 $/MT.
October Sugar is trading at 19.22, down 0.09 cents/lb.
December Cotton is trading 74.22, down 0.07 cents/lb.
September Orange Juice is trading at 184.60, up 0.75 cents/lb.
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