US MIDDAY: cocoa advances

17 May, 2006

US cocoa futures settled in positive territory Tuesday, bolstered by speculators buying into arbitrage selling amid a sliding dollar, traders said.
The New York Board of Trade's active cocoa contract for July delivery rose $13 to end at $1,553 a tonne, near the top of a trading range from $1,533 to $1,555. September gained the same to finish at $1,574 a tonne, while longer-dated cocoa futures climbed $12 to $13.

Read Comments