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Cocoa turns lower on heavy spreading, raw sugar inches up
date:Jun 08, 2015


Raw sugar futures edged higher, buoyed by a softer dollar but with gains limited by abundant supplies, while arabica coffee rose for the seventh straight day.
Cocoa futures initially rose on fund buying but when this dried up, the markets turned lower with July/September spreading dominating the heavy volume in New York.
Profit taking by speculators and hedge selling pushed the markets lower, traders said.
Weak spreads also contributed to the softer tone, said one U.S. cocoa dealer.
New York J

12/22 02:58