NY Coffee Little Lower

Coffee futures are trading a little lower Wednesday. May NY Coffee is trading at 137.05, down 1.10. July Coffee is trading at 140.25, down 1.15. Chatter about stable commodity markets has been supportive. Market talk of uncertainty about the actual size of southern hemisphere crops continues to keep both buyers and sellers active. Market talk about continued wide trading ranges and possible political instability in Brazil is making the rounds.