Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Money Managers Boost Bets on Higher Cocoa Prices by 6.4%

Nov. 12 (Bloomberg) -- Money managers increased bets on rising prices of cocoa traded in London by 6.4 percent in the week ended Nov. 6, according to data from NYSE Liffe, the derivatives arm of NYSE Euronext.

Net-long positions, or bets on higher prices, climbed to 45,025 futures and options, the commitments of traders report published today on the exchange’s website showed. That compares with 42,310 contracts a week earlier. Cocoa advanced 2.9 percent in the period.

In robusta coffee, money managers reduced their net-long to 3,125 futures and options from 3,876 contracts a week earlier, according to the data. The beans slid 3.2 percent in the period.

The net-long position in white, or refined, sugar held by money managers fell to 2,076 futures and options from 2,678 contracts a week earlier, the data showed. The sweetener slid 0.4 percent in the period.

Money managers held no position in feed wheat, unchanged from a week earlier. The grain rose 3.8 percent in the period.

To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.