Aug 23, 2010 (Dow Jones Commodities News via Comtex) -- 1435 EDT [Dow Jones] -- Coffee on ICE Futures US fell Monday as prices became top heavy at current levels near 13-year highs, encouraging light selling interest. A mixed trade in the commodity indexes also led to selling in coffee. After hitting a session peak of $1.8675, surpassing Friday's high, Sep became overbought, says Sterling Smith, analyst at Country Hedging in St. Paul, Minn. A total of 217 deliveries were made against Sep on its first-notice day, about in the middle of expectations, and were considered neutral for prices, says Alonso Tomas, trader with Hencorp Futures in Miami. Futures volume is pegged at 11,973 contracts, with 5,485 calls and 4,279 put options traded. Nearby September coffee lost 0.05 cent, or 0.03%, to $1.8150 a pound. Dec fell 1.80 cent, or 0.97%, to $1.8325.
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