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.
Orange Juice May Gain on Florida Supply Risk; Coffee, Cocoa Rise
Orange juice, little changed in New York, may climb on speculation that unusually cold weather damaged crops in Florida, the world’s biggest grower after Brazil. Coffee and cocoa advanced. Read More...
COFFEE RETREATS FROM RECENT PEAKS
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...
Coffee Climbs to the Highest Price Since 1997 on Supply Concern
Coffee rose to the highest price since 1997 in New York and reached a 28-month high in London on signs that supplies will fail to keep up with demand. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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