Coffee Futures Little Lower

December New York Coffee is trading at 160.95, down 0.50 cents/lb. March New York Coffee is trading at 164.50, down 0.50 cents/lb. New York Coffee futures are trading rangebound early Wednesday after Tuesday's choppy and soft trading session. Market talk about weather forecasts for Brazil and Vietnam is making the rounds. Chatter about coffee production from second and third tier coffee producing nations is starting to show up. Costa Rica reported that coffee exports for October totaled 32,563 bags up 61 percent from 20,234 bags in October of 2015. Market talk about buyers near 1.5800 and sellers near 1.6300 for December is making the rounds.
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