Bloomberg News

Money Managers Reduce Bets on Rising Cocoa Prices by 8.2%

October 01, 2012

Money managers reduced bets on rising cocoa prices by 8.2 percent in London in the week ended Sept. 25, according to NYSE Liffe, the derivatives arm of NYSE Euronext.

Net-long positions, or bets on higher prices, fell to 50,063 futures and options, the commitments of traders report published today on the exchange’s website showed. That compares with 54,554 contracts a week earlier. Cocoa slid 2.1 percent in the period.

In robusta coffee, money managers cut their net-long position to 10,992 futures and options from 13,736 contracts a week earlier, exchange data showed. The beans rose 5.9 percent in the period.

The net-long position in white, or refined, sugar held by money managers slipped to 6,393 futures and options from 6,664 a week earlier, the data showed. The sweetener advanced 2.3 percent in the period.

Money managers held no position in feed wheat, unchanged from a week earlier. The grain slid 0.4 percent in the period.

To contact the reporter on this story: Isis Almeida in London at

To contact the editor responsible for this story: Claudia Carpenter at

The Good Business Issue
blog comments powered by Disqus