date:Jun 04, 2014
at this years rally will continue. Money mangers cut their coffee net-long position by 3.4% to 39,482 contracts as of May 27, the second decline in three weeks. Prices slumped 14% last month, the most since 2011.
Stockpiles of unroasted beans in the U.S., the worlds biggest consumer and importer, rose 7.6% in April from a year earlier, the New York-based Green Coffee Association said May 15.