Spazio di prova, 2° capitolo

Sugar sweetens

Sentiment towards the soft commodities does appear to be improving following a series of supply related new events.

Analysts at the likes of Rabobank and Societe Generale have made more positive price revisions in recent weeks with SocGen calling time on the slump in arabica coffee prices, and Phillip Futures recent rating sugar as top performer for the April-to-June quarter.

By contrast sugar has been mixed over the day, flitting between positive and negative. News has been relatively bearish led by strong supply estimates from Brazil and news from India that officials will relax tight state controls on sugar mills, enabling them to freely sell sugar into the local market.

Raw sugar for May closed up 0.3% at 17.70 cents a pound.
 
8th. April, 2013
The latest Commitment of Traders report from the New York fine washed arabica coffee market has seen the shorter term Managed Money Fund sector of the market reduce their net short sold position within this market by 7.35% in the week of trade leading up to Tuesday 2nd. April, when this short sold position was registered at 24,164 Lots. Over the same period the longer term in nature Index Fund sector of this market reduced their net long position within the market by 0.08% to register a net long position of 54,687 Lots, on the day.

During this week of trade the Non Commercial Speculative sector of the New York market is seen to have reduced their net short sold position within the market by 7.19%, to register a net short sold position of 36,188 Lots. This net short sold position which is the equivalent of a substantial 10,259,138 bags is likely to have been further reduced in line with the overall positive nature of trade that this market encountered for the latter half of last week and likewise, the Managed Money Funds can be expected to have reduced their short position within the market.
 
SCADENZE

March 28 Liffe March robusta coffee futures last trading day
April 12 ICE May arabica coffee options expiry
April 17 Liffe May robusta coffee options expiry
April 19 Nymex May coffee futures last trading day
April 22 ICE May arabica coffee futures first notice day
May 1 Liffe May robusta coffee futures first notice day
May 10 ICE June arabica coffee options expiry
May 20 ICE May arabica coffee futures last trading day
May 31 Liffe May robusta coffee futures last trading day
June 13 ICE July arabica coffee options expiry
June 19 Liffe July robusta coffee options expiry
June 19 Nymex July coffee futures last trading day
June 20 ICE July arabica coffee futures first notice day
July 1 Liffe July robusta coffee futures first notice day
July 12 ICE August arabica coffee options expiry
July 19 ICE July arabica coffee futures last trading day
July 31 Liffe July robusta coffee futures last trading day
Aug. 9 ICE September arabica coffee options expiry
Aug. 21 Liffe September robusta coffee options expiry
Aug. 21 Nymex September coffee futures last trading day
Aug. 22 ICE September arabica coffee futures first notice day
Sept. 2 Liffe September robusta coffee futures first notice day
Sept. 13 ICE October arabica coffee options expiry
Sept. 18 ICE September arabica coffee futures last trading day
Sept. 30 Liffe September robusta coffee futures last trading day
Oct. 11 ICE November arabica coffee options expiry
Oct. 16 Liffe November robusta coffee options expiry
Nov. 1 Liffe November robusta coffee futures first notice day
Nov. 8 ICE December arabica coffee options expiry
Nov. 19 Nymex December coffee futures last trading day
Nov. 20 ICE December arabica coffee futures first notice day
Nov. 29 Liffe November robusta coffee futures last trading day
Dec. 13 ICE January 2014 arabica coffee options expiry
Dec. 18 ICE December arabica coffee futures last trading day
 

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