London sugar futures edged higher on spread activity and trade buying against trade and speculative selling at midday on Wednesday, and traders said they expected New York raw sugar futures to open firmer. Front month October was up $2.50 to $385.00 per tonne in volume of 655 lots at 1019 GMT, having moved from $385.80 to $381.00.
December was up $2.90 to $368.80 in volume of 655 lots, after moving from $369.00 to $366.00.
COFFEE SLIPS: London front-month robusta coffee futures settled lower on profit-taking on Wednesday after touching a fresh 7-1/2-year high for the third day this week on short covering, dealers said.
Front-month September ended down $24, or 1.2 percent, at $2,000, the bottom of the day's range, after touching a peak of $2,063, its highest since November 1998. Total volume was a moderate 11,651 lots. The front-month has risen about 12 percent since Monday and prices are about 40 percent higher than at the start of the year.
London's benchmark November contract, which had risen on the back of spill-over buying to hit a 7-1/2-year high of $1,618 in the previous session, trading down on profit-taking earlier in the session but then rallied.
The November contract settled up $6, or 0.4 percent, at $1,589 after moving between $1,604 and $1,565.
COCOA DOWN: London cocoa futures ended down on speculative selling on Wednesday, with spreads accounting for a significant portion of volumes amid weak technical signals, dealers said.
The benchmark December contract settled down 6 pounds, or 0.7 percent, at 842 pounds a tonne after trading between 847 and 840 pounds. Total volume was a moderate 7,510 lots.
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