DJ MARKET TALK: ICE Coffee Slides To 11-Session Low; Funds Sell

1311 EDT [Dow Jones] - ICE arabica coffee futures are trading off of their lowest levels in nearly three weeks as speculative funds take profits.
Most-active Sep coffee is down 6.45 cents at $1.5785 a pound, off of the $1.57 intraday low. Funds are selling long positions after the market was unable to
push beyond 12-year highs hit June 24. The market is correcting as was expected, with technical support at $1.5540 and $1.5750, analysts say.
Fundamental factors are unchanged, though recent losses have sparked technical sales, one analyst notes. Liffe Sep robusta coffee settled $60 lower at $1,650
a ton. (HEH)