Robusta Coffee Falls Most in a Month; Sugar Advances

Robusta coffee for Sept. -1.5% to $2,076/ton.
* Fell as much as -1.9%, most since May 22; dropping below its 100-day, 200-day moving averages
* Price still near highest in 2 months for a most-active contract
* Sept. arabica coffee -0.6% to $1.258/lb
* "The robusta market is still relatively strong compared to arabica and due to the short supplies available to the market as it works to curb demand through the higher prices," Jack
Scoville, vice president at Price Futures Group in Chicago, says in e-mailed report

Sugar
* Oct. raw sugar +0.7% to 13.76c/lb
** Price near lowest for a most-active contract since Feb. 2016
* White sugar for Aug. +0.6% to $405.10/ton
* "The market seems to be pausing for breath after quite spectacular falls – not unusual," Tobin Gorey, the analyst at Commonwealth Bank of Australia, says in the report. "We are
skeptical though this is any more than a pause"

Cocoa
* Sept. cocoa unchanged at $1,926/ton in New York after tumbling
4.6% Monday
* London futures for Dec. +0.1% to GBP1,577/ton

Source: Bloomberg Pro Terminal

Trader - S. Fuchedzhiev

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