* Stronger U.S. jobs market underpins recovery hopes * Corn rises 1 pct, sugar up as well * Robusta coffee hits 5-month high on dry weather worry By Barani Krishnan NEW YORK, March 11 A number of commodities were higher for a second straight session on Monday on hopes that a recovering U.S. economy will lead to better demand, while coffee, sugar and corn rallied on worries about harsh weather and supply tightness. A fresh record high on the Dow Jones industrial average for U.S. stocks added support across the sector. The dollar fell against the euro, but remained near a 3-1/2-year high against the yen on speculation that the rebounding U.S. labor market could prompt the U.S. Federal Reserve to retreat sooner than expected from its ultra-loose monetary policy. The energy and metals markets, however, traded more on the bullish U.S. job numbers for February, released on Friday, ending broadly up or off the lows of the day. Data from China pointing to higher inflation and slower factory growth and spending offset some of the positive sentiment. The Thomson Reuters-Jefferies CRB index, a bellwether for commodity prices, settled up 0.1 percent. Twelve of the 19 markets tracked by the CRB ended up, with corn rising about 1 percent or more to lead gains. ROBUSTA COFFEE, RAW SUGAR RALLY Coffee futures traded in London rose to a five-month high, buoyed by concerns about dry weather in the world's largest producer Vietnam. Raw sugar prices in New York also rose. London-traded robusta coffee have risen more than 14 percent so far this year, boosted by a combination of strong demand and concern that the 2013/14 crop in Vietnam could fall significantly due to dry weather. "The drought is a continuing problem, and what it's doing is causing farmers to want to hold onto the current production," said Sterling Smith, futures specialist with Citigroup in Chicago. In Monday's session, May robusta coffee futures in London rose $9, or 0.4 percent, to close at $2,190 a tonne after earlier touching $2,198, the highest level for the benchmark second month since October 2012. May raw sugar futures in New York inched up 0.07 cent, or 0.4 percent, to finish at 18.82 cents a lb. "We had a lot of activity last week in sugar, and we're taking a breather right now," said Michael McDougall, a vice president at Newedge USA in New York. Sugar prices also found support from efforts by Brazil's federal government to support the country's cane industry and to rein in inflation. The Brazilian government plans to reduce taxes on ethanol, which may guide more cane into ethanol rather than sugar production, and also on food staples, seen as likely boost internal consumption. (Full Story) CORN UP FOR 3RD DAY IN ROW Corn futures in Chicago rose more than 1 percent, posting advances for the third straight day on tight stocks and on spillover from the rally that followed the bullish corn supply numbers the U.S. government released Friday. "Corn is leading everything higher today and it's technical support after the USDA report. Managed money is buying after the aggressive fund liquidation that we've seen," said Shawn McCambridge, an analyst for Jefferies Bache. The U.S. Department of Agriculture's March supply/demand report on Friday kept projected corn stocks unchanged at a 17-year low. The market had expected higher inventories. U.S. corn for May delivery ended up 7-3/4 cents per bushel at $7.11-1/4. Prices at 6:28 p.m. EST (2228 GMT) LAST/ NET PCT YTD CLOSE CHG CHG CHG US crude 91.76 -0.30 -0.3% -0.1% Brent crude 110.04 -0.81 -0.7% -1.0% Natural gas 3.649 0.000 0.0% 8.9% US gold 1578.00 1.10 0.1% -5.8% Gold 1581.24 0.85 0.1% -5.6% US Copper 350.00 0.85 0.2% -4.2% LME Copper 7758.00 17.50 0.2% -2.2% Dollar 82.608 -0.088 -0.1% 7.6% US corn 734.50 9.25 1.3% 5.2% US soybeans 1514.75 6.25 0.4% 6.8% US wheat 694.00 4.00 0.6% -10.8% US Coffee 143.75 -0.30 -0.2% 0.0% US Cocoa 2130.00 10.00 0.5% -4.7% US Sugar 18.82 0.07 0.4% -3.5% US silver 28.853 -0.095 -0.3% -4.5% US platinum 1601.20 -2.70 -0.2% 4.1% US palladium 779.20 -3.55 -0.5% 10.8%
End-to-end encryption on messaging services is unacceptable-UK minister
LONDON, March 26 British interior minister Amber Rudd said on Sunday end-to-end encryption of messages offered by services like Whatsapp are "completely unacceptable" and there should be no "secret place for terrorists to communicate".