Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. March arabica coffee contract down 0.65 cent to $1.2975 per lb at 11:02 am EST (1602 GMT). Session range from $1.2940 to $1.3075. Arabica coffee fell in heavy volume as market participants rolled positions out of the March contract into May ahead of the spot contract's first notice day next week, said brokers.
March raw sugar contract fell 0.38 cent to 26.69 cents per lb at 11:03 am. Trading range from 26.41 to 27.21 cents. Sugar continued to consolidate after last week's steep fall, feeling pressure from the weak commodity complex and firm dollar, said dealers. Benchmark May cocoa contract rose $4 to $3,042 per tonne at 11:03 am. Narrow trading range from $3,002 to $3,052.
Comments
Comments are closed.