Views Article – Sharenet Wealth

Europe, News

Funds increase shorts in sugar, cocoa; cut long position in coffee

NEW YORK, Aug 5 (Reuters) – Speculators increased their net short positions in futures of raw sugar and cocoa on ICE U.S. in the week to Aug. 2 and reduced their bullish bets on arabica coffee, data from the Commodity Futures Trading Commission (CFTC) showed on Friday.

Money managers and hedge funds added 23,837 contracts to their bearish bet in raw sugar, boosting their net short position in the sweetener to 67,388 lots. They increased their net short position in cocoa by 7,893 lots to 25,252 contracts, while cutting their long position in arabica coffee by 1,155 contracts to 13,539 lots. (Reporting by Marcelo Teixeira; Editing by Leslie Adler)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.