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Old June 10th, 2013, 01:18 PM
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Money Managers Triple Bets on Falling Robusta Coffee Prices

By Isis Almeida - Jun 10, 2013 9:03 AM ET
Money managers more than tripledbets on falling prices of robusta coffee traded in London in the week ended June 4, according to NYSE Liffe, the derivatives arm of NYSE Euronext.
Net-short positions, or wagers on a lower market, totaled 7,096 futures and options in the period, the Commitments of Traders report published on the exchange’s website today showed. That compares with 2,029 contracts a week earlier and it’s the biggest net-short position since Jan. 17, 2012, exchange data on Bloomberg showed. The beans fell 2.4 percent in the period.
“In robusta, supplies are improving with Vietnamese growers likely to be scale-down sellers as Indonesian new crop arrivals start picking up,” Kona Haque, an analyst at Macquarie Group Ltd. in London, said in a report e-mailed today. Vietnamis the world’s biggest robusta producer and Indonesia ranks third.
In cocoa, money managers reduced their net-long position by 3.9 percent, exchange data showed. Net-long positions fell to 39,509 futures and options from 41,105 contracts a week earlier.
Money managers’ net-short position in white, or refined, sugar fell to 7,957 contracts from 8,787 lots a week earlier, the data showed. The sweetener was little changed in the period.
In feed wheat, money managers reduced their net-shortposition to 351 contracts from 364 a week earlier.
To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net
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