Money managers reduced bets on rising prices for cocoa traded in London to about a nine-month low in the week ended Jan. 15, according to data from NYSE Liffe, the derivatives arm of NYSE Euronext.
Investors were net-long, or betting on higher prices, by 16,651 futures and options, the commitments of traders report published today on the exchange’s website showed. That compares with 19,984 lots a week earlier. The new position is the lowest since April 17, exchange data on Bloomberg showed. Cocoa advanced 2.4 percent in the period.
In robusta coffee, money managers boosted bets on higher prices by 21 percent to 9,208 futures and options, the data showed. That compares with 7,623 contracts a week earlier. The beans gained 2 percent in the period.
Money managers increased bets on lower prices of white, or refined, sugar, exchange data showed. Net-short positions were raised to 2,922 futures and options from 1,185 the previous week. The sweetener slid 0.8 percent in the period.
In feed wheat, money managers cut their net-short position to 340 futures and options from 366 contracts a week earlier. The grain gained 4.2 percent in the period.
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