Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  London Sugar       

LONDON SUGAR
Mes dernières consult.
Most popular
SummaryChartsNewsAnalysis 
News SummaryAll newsTweets

Coffee Ends Week Lower As Buyers Fail to Materialize

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/12/2018 | 11:38pm CET
   By Julie Wernau 
 

Coffee prices slid to end at the lowest level since Dec. 26, disappointing bulls who expected index funds to push prices higher.

Arabica coffee for March delivery lost 0.5% to end at $1.225 a pound on the ICE Futures U.S. exchange.

The market expected index funds this week to buy 8,000 to 9,000 lots, ED&F Man's Volcafe said.

"Any expected upward moves were seemingly washed away, with no real fundamentals to explain the down move," the firm said.

Trend following funds and selling out of Central America and Vietnam appear to be helped the bears Thursday.

Weather didn't help the bulls with plenty of rain in some areas of Brazil this week, the world's largest grower. Price Futures Group said there are reports of short crops in parts of Central America and some areas in South America due to the lack of farmer investment from the low prices "but Honduras has production and has been selling as much as possible, and ideas of bigger crops this year in Honduras and Vietnam are offsetting reports of smaller crops in the rest of Central America and Colombia."

In other markets, raw sugar ended flat at 14.18 cents a pound for March delivery, March cocoa ended lower, down 0.7% at $1,914 a ton, March frozen concentrated orange juice was off 0.2% at $1.362 a pound and March cotton lost 1.2% to end at 81.68 cents a pound.

Write to Julie Wernau at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LONDON SUGAR
01/17 Sugar Extends Losses as Brazil Considers Lifting Tariff on U.S. Ethanol
01/17 Sugar Extends Losses as Brazil Considers Lifting Tariff on U.S. Ethanol
01/17 Italian Confectioner in Sweet Deal With Nestlé -- WSJ
01/16 Coffee Falls After Brazilian Export Data
01/16 Ferrero Purchases Nestlé's U.S. Chocolate Business -- Update
01/16 Ferrero to Pay CHF2.8 Billion for Nestle's U.S. Business
01/12 Coffee Ends Week Lower As Buyers Fail to Materialize
01/12 Cotton Jumps As Mills Get Squeezed From Unfixed Sales
01/11 PEPSICO : Cindy Crawford Returns to the Super Bowl for Pepsi
01/10 Today's Top Supply Chain and Logistics News From WSJ
More news
Chart LONDON SUGAR
Duration : Period :
London Sugar Technical Analysis Chart | 4-Traders
Technical analysis trends LONDON SUGAR
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish