Speculators slash short position in raw sugar, coffee little changed
NEW YORK, Aug 30 (Reuters) -Speculators sharply reduced their bearish bets in futures of raw sugar on ICE U.S. in the week to Aug. 27 while keeping their long position in arabica coffee little changed, the Commodity Futures Trading Commission (CFTC) said on Friday.
Funds cut 28,805 lots from their net short position in raw sugar, taking it to 37,117 contracts. Their net long position in arabica coffee was little changed at 43,197 lots. Funds' net long position in New York cocoa rose 1,013 lots to 11,664.
To check speculators' position on futures of robusta coffee, refined sugar and London cocoa, click here.
Reporting by Marcelo Teixeira; editing by Diane Craft
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