NY coffee, cocoa and sugar all meander lower

Thu Feb 16, 2012 1:17pm GMT
 

Feb 15 (Reuters) - Arabica coffee futures on ICE inched lower early
Thursday, but remained above the lowest level since November 2010 that they
touched on Wednesday, while U.S. cocoa consolidated down.	
    Raw sugar also crept into negative territory.	
    For news on other financial markets, please click on:   	
      ] 	
    	
 8:15 AM        LAST    NET     PCT      LOW    HIGH  CURRENT
               TRADE   CHNG    CHNG                       VOL
 Sugar MAR     24.41  -0.08   -0.3%    24.25   24.55    8,820
 Sugar MAY     23.48  -0.09   -0.4%    23.33   23.64    9,698
 Cocoa MAR     2,372    -20   -0.8%    2,337   2,394       32
 Cocoa MAY     2,365    -26   -1.1%    2,323   2,391    3,990
 Coffee MAR   200.00   -0.4   -0.2%   199.70  202.25      803
 Coffee MAY   202.05   -0.5   -0.3%   201.70  204.50    2,088
                                                                      
 TOTAL MARKET              VOLUME          
                CURRENT   30D AVG  250D AVG
 ICE SUGAR       26,026    99,869   101,930
 ICE COCOA        5,872    14,670    17,358
 ICE COFFEE       3,891    17,058    19,362
                                                                      
 * Raw sugar futures for March        fell 0.08 cent to 24.41 cents a 
 lb in volume of 8,820 lots, trading in a range of 24.25 to 24.55. May 
        fell 0.09 cent to 23.48 cents a lb.
 * Cocoa futures for March        fell $20 to $2,372 a tonne in volume 
 of 32 lots, trading in a range of $2,337 to $2,394. May        fell 
 $26 to $2,365 a tonne.
 * Arabica coffee futures for March        fell 0.40 cent to $2.0000 a 
 lb in volume of 803 lots, trading in a range of $1.9970 to $2.0225. 
 May        fell 0.50 cent to $2.0205 a lb.
 	
    MARKET NEWS 	
    * Thomson Reuters analyst Wang Tao's outlook for New York soft commodities:
raw sugar is seen neutral in 24.07-24.84 cents range, arabica coffee to range
from $2.044/lb to $2.0495/lb, and cocoa is seen retracing to $2,363/tonne.
 	
    * Robusta coffee futures firmed, with a focus on a wide premium between the
two nearby contracts, but dealers expected the higher price to encourage cash
sales from top producer Vietnam. For the latest softs wrap, please click on:
 	
        	
    FUNDAMENTALS   	
    * NYSE Liffe stepped up its drive to tighten regulation of its
cocoa, robusta coffee, white sugar and feed wheat contracts on Thursday, to echo
the stricter regime on the New York-based Intercontinental Exchange (ICE)
. 	
    * Mars Inc, the maker of Snickers and Twix candy bars, will stop selling
chocolate products with more than 250 calories in them by the end of next year,
a spokeswoman said. 	
     	
    ECONOMY   	
* U.S. first-time claims for jobless benefits for week ended Feb. 11. 8:30 a.m.
EST (1330 GMT)	
    * U.S. housing starts and permits for January. 8:30 a.m. EST 	
    * U.S. January Producer Price Index. 8:30 a.m. EST 	
	
    MARKETS 	
    * European shares fell and the euro eased after a delay in the decision on a
bailout for debt-strapped Greece unnerved investors.  	
    * Gold slipped on Greece. 	
    * Crude oil drifted lower. 	
	
 (Reporting by Marcy Nicholson)

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