Money managers switched to betting on lower prices for white sugar traded in London from wagering on a gain, according to NYSE Liffe.
Net-short positions, or bets on a decline, came to 688 futures and options contracts in the week of May 5, the Commitments of Traders report published on the exchange’s website today showed. That compared with a net-long position of 39 lots a week earlier, according to the data. White, or refined, sugar fell 0.5 percent in the week.
In robusta coffee, money managers lowered the net-long position by 3.2 percent to 23,992 contracts from 24,774 futures and options a week earlier. The beans slid 3.7 percent in the period.
Cocoa money managers boosted their net-long position to 26,095 futures and options, an increase of 5.8 percent from the week-earlier 24,675 contracts, the data showed. Cocoa fell 1.6 percent in the period.
Money managers were net-long in feed wheat by 103 contracts, according to the data. They held no positions a week earlier. The grain fell 1.7 percent in the week.
NYSE Liffe is the derivatives arm of NYSE Euronext, the biggest U.S. exchange owner.
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