London sugar lower

London white sugar futures closed lower on speculative profit-taking weighed by weakness in New York raws on Monday after a see-saw session, traders said. Benchmark August settled down $4.60 at $468.90 per tonne after trading from $476.50 to $466.00.
October finished down $4.40 at $466.10 per tonne.
Total volume was 2,830 lots.
"London reacted down after the New York opening, and we saw profit taking and speculative sales against speculative buying," one trader said.
Earlier, London futures had risen on light trade and speculative buying.
Traders said sugar futures were targeted by speculative investment funds that have been pouring money across the commodities complex seeking high returns.
COFFEE HIGHER:
London robusta coffee futures closed higher on Monday, boosted by speculative buying as the market resumed last week's advance after Friday's setback, dealers said.
"It is just carrying on from last week," one dealer said.
July ended up $13 at $1,214 a tonne but remained below a six-week high of $1,227 set early Friday before origin selling halted the market's advance.
Total volume was 19,938 lots, boosted by heavy volume in May/July spreads as traders rolled forward positions out of the first month. Dealers said the market continued to be supported by nearby supply tightness.
Russian coffee sales rose 5.5 percent last year to 115,000 tonnes mainly due to an increase in consumption of expensive instant freeze-dried coffee, Business Analytica research group said on Monday.
COCOA UP:
London cocoa futures settled higher on Monday as funds covered short positions and on structural activity, traders said.
July finished up 17 pounds at 885 pounds, near the top of the day's range of 886 to 864 pounds.
May ended up 18 pounds at 890 pounds. Total volume was 10,136 lots.
"The speculative position in cocoa is holding sizeable shorts," one trader said. "The market feels oversold."
The US Commitments of Traders report on Friday showed a short net non-commercial position of 5,152 lots as of April 18, against a long of 3,389 on April 11.
Traders also noted structural activity in the May-July contracts.
Cocoa arrivals at ports in Ivory Coast reached around 969,000 tonnes between October 1 and April 23, exporters contacted by Reuters estimated on Monday.