Money Managers’ Bearish Robusta Coffee Bets at 17-Month High
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Money managers boosted bets on falling prices of robusta coffee traded in London by 35 percent to a 17-month high in the week ended June 11, according to NYSE Liffe, the derivatives arm of NYSE Euronext.
The net-short position, or wager on a lower market, totaled 9,587 futures and options, the Commitments of Traders report published on the exchange’s website today showed. That was up from 7,096 contracts a week earlier and the biggest net-short position since Jan. 10, 2012, exchange data on Bloomberg showed. The beans used in instant coffee and espresso fell 4.2 percent in the week.