N.Y. Coffee Little Lower

July coffee is trading at 138.90, down 0.95. September coffee is trading at 141.55, down 0.80. Coffee is trading a little lower Wednesday after Tuesday's decline. Chatter about producer selling out of Brazil and talk of currency values has been making the rounds. Weather chatter continues as more rain is forecast for June when harvest in the Southern hemisphere especially Brazil needs somewhat dry weather. Market chatter about positioning before the holiday is likely to lead to more wide trading ranges.