Money Managers’ Bets on Lower White Sugar Price Reach Record
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.
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