( Forecast and analisys ): US Coffee market close for today, March 30, 2011

01:39 31Mar11 -NY cocoa down to 2-1/2 month low, sugar and coffee up

NEW YORK, March 30, 2011 - U.S. Arabica coffee and raw sugar futures moved higher in a modest reboun.

-May arabica coffee futures closed higher 3.35 cents to   $2.648 per lb.

- Market rebounds on investor short-covering.
  

-The fundamentals for coffee remain comparatively good.
 

- Those fundamentals supporting bean futures are mainly because of the
shortage of high quality washed arabica beans.
 

- Roaster demand staying weak and putting pressure on bean values.------