Money-managers reduced wagers on higher cocoa prices in London by 12 percent in the week ended May 29, according to NYSE Liffe.
Net-long positions on higher prices came to 24,675 futures and options, according to the weekly commitment of traders report published on the exchange’s website today. That compares with 28,128 contracts a week earlier, the data show. Cocoa fell 2.4 percent in the period.
In robusta coffee, money managers increased their net-long position by 20 percent to 24,774 contracts, up from 20,606 futures and options a week earlier, the data show. Robusta coffee climbed 1.7 percent over the week.
White, or refined, sugar money managers slashed their net- long positions to 39 futures and options, according to the exchange. That’s down from a net-long of 1,434 contracts a week earlier. White sugar rose 0.2 percent over the five days.
Money managers held no positions in feed wheat, unchanged from last week, according to the data. Feed wheat fell 1 percent at the same time.
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