ICE raw sugar and cocoa futures reversed lower early on Monday on spillover pressure from weak US manufacturing data, while coffee prices firmed on roaster nibbling. Many commodities received earlier support from a US debt deal aimed at avoiding an unprecedented default but turned lower after the June US ISM manufacturing figures dropped below forecasts to a two-year low.
October raw sugar on ICE dropped 0.77 cent, or 2.6 percent, to 29.04 cents a lb by 12:20 pm EDT (1620 GMT), compared with a July 25 five-month peak of 31.68 cents a lb. September arabica coffee on ICE inched up 0.90 cent to $2.4045 per lb. September cocoa on ICE fell $19 to close at $2,955 a tonne.
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