US MIDDAY: coffee, sugar and cocoa dip

07 Nov, 2009

Summaries of the ICE Futures US cocoa, coffee and sugar markets during early trade on Friday. December arabica coffee contract dropped 2.15 cents to $1.3995 per lb at 11:06 am EST (1606 GMT). Wide session range from $1.3950 to $1.4315. Arabica coffee futures fell, retracing Thursday's rally, in rangebound dealings weighed down by commodity-wide selling, said brokers.
March raw sugar contract inched down 0.15 cent at 22.61 cents per lb at 11:06 am. Trading range from 22.54 to 23.07 cents. Sugar dribbled lower along with the weak commodity complex, in thin dealings, said traders. Benchmark March cocoa contract eased $12 to $3,264 per tonne by 11:07 am. Trading band from $3,242 and $3,298. US cocoa eased on December/March position rolling, said traders.

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