Bloomberg the Company & Products

Bloomberg Anywhere Login

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’ Bets on Lower White Sugar Price Reach Record

Don't Miss Out —
Follow us on:

Jan. 28 (Bloomberg) -- Money managers boosted bets on falling prices for white, or refined, sugar traded in London to a record in the week ended Jan. 22, according to data from NYSE Liffe, the derivatives arm of NYSE Euronext.

Investors were net-short, or betting on lower prices, by 8,762 futures and options, the commitments of traders report published today on the exchange’s website showed. That compares with a net-short of 2,922 lots a week earlier. The sweetener declined 3.8 percent in the period.

Money managers cut their net-long position, or bets on higher prices, in cocoa to 15,843 futures and options, according to NYSE Liffe. That compares with 16,651 contracts a week earlier and it’s the lowest net-long since April 10, data on Bloomberg showed. Cocoa fell 0.8 percent in the period.

In robusta coffee, money managers boosted bets on higher prices by 27 percent to 11,652 futures and options, the data showed. That compares with 9,208 contracts a week earlier. The beans fell 0.8 percent in the period.

In feed wheat, money managers cut their net-short position to 314 futures and options from 340 contracts a week earlier. The grain fell 0.7 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.