date:Jan 08, 2013
said today in a report.
As the weightings shift this month, one would think we should at least see some stability for prices, Michael McDougall, a senior vice president at Newedge Group in New York, said in a report.
Sugar for March delivery gained 0.1 percent to settle at 18.86 cents a pound at 2 p.m. on ICE Futures U.S. in New York, the first increase in three sessions. The price fell 16 percent last year.
Coffee futures for March delivery rose 2.1 percent to $1.504 a pound, the second stra