Coffee Futures--- Coffee futures today in New York are down another 360 points right near session lows at 149.80 a pound in the July contract creating a new 2 ½ year low also making a fresh contract low continuing its grinding bearish momentum which in my opinion will continue to head lower possibly into the mid-130s within the next month or so due to the fact of a lack of demand and an ample supply at this time.

Coffee Futures--- Coffee futures today in New York settled right near session lows down 160 points to close at 154.00 pound in the July contract creating a new 2 year low also making a fresh contract low continuing its grinding bearish momentum which in my opinion will continue to head lower possibly into the mid-130s within the next month or so due to the fact of a lack of demand and an ample supply at this time.

 Cotton Futures--- Cotton futures this morning are plunging to a fresh 31 month low on concerns that China is slowing down more rapidly than what was being reported causing cotton prices which are only down 30 points at this time that I write the article at 67.30 a bale but has rallied sharply off the session lows which at one point traded as low as 64.61 which are new contract lows as well.

 Precious Metal Futures---The precious metals futures this morning are quiet with anticipation of tomorrow's monthly unemployment report 7:30 AM central time, however the ADP report came out today and stated that the private sector added 133, 000 new jobs in the prior month but the market reacted very quietly to the news with gold futures for the June contract up one dollar at 1,565 an ounce while silver futures for the July contract curren