Sugar Falls in New York Amid Delivery Speculation; Coffee Drops
This article is for subscribers only.
Sugar declined in New York before what may be the smallest delivery for a March contract since 2006. Arabica coffee also fell.
Raw sugar delivered against the expired March futures contract will probably be 150,000 tons to 155,000 tons, the smallest for the March contract since 2006, said Fabienne Pointier, an analyst at Lausanne, Switzerland-based Kingsman SA, owned by McGraw-Hill Cos. Most of the sugar will be shipped from Central American nations and some from Brazil, she said. ICE will publish the delivery for the March futures later today.