Cocoa, coffee and sugar recover from previous session's slump
Adds comments on coffee, sugar; updates prices
LONDON, Nov 7 (Reuters) - Cocoa, coffee and sugar futures on ICE rose on Thursday, recovering from Wednesday's slump after Donald Trump's election as U.S. president, as the dollar backed off post-election highs .
COFFEE
* December arabica coffee KCc1 settled up 11.65 cents, or 4.7%, at $2.604 per lb.
* Dealers said prices were boosted by the upcoming options expiration on Friday, which led some exposed investors to buy futures.
* "The move up broke some technical levels and triggered more buying from algo traders," said Haroldo Bonfa, a coffee hedging advisor with consultancy Pharos.
* Brazil coffee exports increased 12% in October to 4.65 mln bags, the government said.
* January robusta coffee LRCc2 rose 4.2% at $4,486 a metric ton after hitting a 2-1/2 month low on Wednesday.
* Prices in Vietnam edged down this week, though there are concerns about an approaching typhoon that could hinder the picking and drying of beans.
SUGAR
* March raw sugar SBc1 settled up 0.17 cents, or 0.8%, at 22.20 cents per lb.
* Prices are edging higher after falling early on Wednesday along with other commodities under pressure from a stronger dollar.
* Rains continue to fall over Brazil's sugar areas, but crop development is likely to take longer this time because fields are in poor condition.
* Dealers also said that the rains are expected to slow harvest and production in the near term and perhaps bring an early end to the current season.
* Brazilexported 3.73 million tons of sugar in October, the government said, 30% more than a year ago.
* December white sugar LSUc1 rose 1.3% at $562.90 a ton.
COCOA
* March New York cocoa CCc2 settled up $508, or 7.6%, to $7,178 a ton, having lost 4% on Wednesday.
* An expected partial recovery in Ghana's cocoa production this year should lessen supply concerns, though a below-average crop is still expected.
* Dealers noted heavy rains and floods in top producer Ivory Coast and that potential brown rot could mean cocoa port arrivals tail off in December.
* March London cocoa LCCc2 rose 7.1% to 5,640 pounds per ton after falling 2.4% on Wednesday.
Reporting by Maytaal Angel and Marcelo Teixeira
Editing by David Goodman, David Evans and Mohammed Safi Shamsi
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限,并允许个人查看和/或使用网站或网站所提供的内容,但无意进行任何更改或扩展,也不会更改或扩展其服务和访问权限。所有访问和使用权限,将受下列条款与条例约束:(i) 条款与条例;(ii) 风险提示;以及(iii) 完整免责声明。请注意,网站所提供的所有讯息,仅限一般资讯用途。此外,XM所有在线交易平台的内容并不构成,也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容,包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接,皆保持不变,并作为一般市场评论所提供,而非投资性建议。所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为适用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解,XM非独立投资研究提示和风险提示相关资讯,更多详情请点击 这里。