Money Managers More Than Double Bets on Falling White Sugar
Money managers more than doubled bets on falling prices of white, or refined, sugar traded in London in the week ended Dec. 11, according to data from NYSE Liffe, the derivatives arm of NYSE Euronext.
Net-short positions, or bets on lower prices, climbed to 4,525 futures and options, the commitments of traders report published today on the exchange’s website showed. That compares with 1,962 contracts a week earlier. The sweetener slid 1.9 percent in the period.
In robusta coffee, money managers turned bearish, holding a net-short position of 219 futures and options, the data showed. That reverses a net-long of 1,359 contracts a week earlier. The beans rose 0.2 percent in the period.
In cocoa, money managers reduced their net-long to 39,490 futures and options from 42,317 contracts a week earlier, according to the data. Cocoa slid 1.9 percent in the period.
Money managers increased their net-short position in feed wheat to 312 futures and options from 292 contracts a week earlier. The grain slid 1.6 percent in the period.
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