Coffee Futures Trading Lower

May New York coffee is trading at 142.50, down 0.80 cents/lb. July New York coffee is trading at 144.70, down 0.90 cents/lb. New York coffee futures are trading in a narrow range. Market chatter about global coffee production and weather is making the rounds. Guatemala's coffee exports during February rose to 298,384 bags versus 202,859 bags a month ago and 286,677 bags a year ago. Chatter about various weather forecasts for Vietnam's weather and a possible El Nino later this year is showing up.