April 20 Raw sugar futures trading on ICE closed
at an 11-month low on long liquidation, the weakest performer on
the Thomson Reuters-Jefferies CRB index on Friday.
Arabica coffee futures finished firm, but remained near this
week's 18-month low, while U.S. cocoa also moved upward.
2:00 PM SETTLE NET PCT LOW HIGH CURRENT
CHNG CHNG VOL
Sugar MAY 21.93 -0.12 -0.5% 21.83 22.34 17,786
Sugar JUL 21.55 -0.22 -1.0% 21.42 21.94 57,281
Cocoa MAY 2299 41 1.8% 2,250 2,315 35
Cocoa JUL 2269 35 1.6% 2,200 2,279 9,188
Coffee MAY 177.7 4.05 2.3% 173.55 178.40 350
Coffee JUL 178.95 3.3 1.9% 175.40 179.65 10,531
TOTAL MARKET VOLUME
CURRENT 30D AVG 250D AVG
ICE SUGAR 119,156 120,385 91,624
ICE COCOA 16,484 28,083 19,995
ICE COFFEE 17,621 30,431 20,640
* May raw sugar futures on ICE eased 0.12 cent to
close at 21.93 cents per lb.
* The most active July contract fell 0.22 cent or 1
percent to close at 21.55 cents a lb, the weakest settlement for
the second position since May 2011.
* July closed the week down 5.4 percent, the second
position's biggest weekly tumble in six weeks.
* The May/July spread once again widened, closing at 0.38
cent, versus 0.28 cent per lb on Thursday.
* Market fell on long liquidation and abundant nearby
supplies - traders.
* Consultancy Kingsman SA trimmed its forecast for 2012/13
cane output in centre-south Brazil to 510 million tonnes, from a
previous forecast of 520 million tonnes estimated in January.
* July arabicas rose 3.30 cents, or 1.9 percent, to
finish at $1.7895 per lb.
* July closed the week down 0.7 percent.
* Market extended its gains above Tuesday's 18-month low of
* Arabica coffee futures felt spillover support from the
firm commodity complex and was buoyed by the weak U.S. dollar
* It is first notice day for the May contract.
* May/July spread closed at 1.25 cents from 2 cents on
* Open interest dropped by 1,368 lots to 142,626 lots on
Thursday, the lowest since March 9 - ICE data.
* July cocoa finished up $35, or 1.6 percent, at
$2,269 per tonne.
* On the week, July settled up 3.1 percent.
* Market saw initial weakness on pressure from the lower
North American cocoa grind data released post-market on
Thursday, but quickly rebounded and turned higher - traders.
* The strong pound against the U.S. dollar also
helped lift the market - traders.
* North American cocoa grindings in the first quarter
dropped 4.04 percent from the upwardly revised year-ago figure,
data from the National Confectioners Association showed on
Thursday, falling into the lower end of estimates.
* The first-quarter grind data was up from the previously
reported year-ago figure, causing some dealers to view the data
with a less bearish perspective than it originally appeared -
* "The main crop flow is almost over," said one veteran
cocoa dealer in New York, adding that the lack of origin selling
allowed the market to climb.
* The market continued to face resistance at the 100-day
moving average at $2,282 per tonne, basis July - traders.
For related news and prices, click on the codes in brackets:
Sugar futures/spreads Sugar cash prices
Coffee futures/spreads Coffee cash prices
Cocoa futures/spreads Cocoa cash prices
RELATED NEWS AND OTHER TOPICS
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(Reporting by Marcy Nicholson; Editing by Marguerita Choy)