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Monday, February 7, 2011

robusta coffee Cocoa futures for March 2011 delivery

robusta-coffee futures for March 2011 delivery Feb 7, 2011 1:07 PM PT : Arabica-coffee futures for March delivery advanced 0.45 cents, or 0.2 percent, to $2.4975 a pound on ICE. In London, robusta-coffee futures for March delivery rose $8, or 0.4 percent, to $2,215 a ton.

Hedge funds and money managers increased their bullish bets on coffee futures by 15 percent to 36,353 New York contracts during the week ending Feb. 1, Commodity Futures Trading Commission data show. It was the largest gain since Oct. 19.

Cocoa futures for May delivery fell $25, or 0.8 percent, to $3,239 a ton on ICE. In London, cocoa futures for March delivery slid 30 pounds, or 1.4 percent, to 2,109 pounds ($3,397) a ton.

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Coffee moved further away from its recent 13-1/2 year high with Thursday's momentary plunge in sugar futures spooking prices lower, traders said. March arabica coffee futures on ICE dropped 2.05 cents to settle at $2.4930 per lb, the first weak close in four days, after touching a 13-1/2 year peak of $2.5360 a lb on Thursday. Read More...

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