date:Jan 04, 2013
ng to enjoy a nice bounce after the majority of fiscal-cliff worries are now behind us, Phil Streible, a senior commodity broker at R.J. OBrien Associates, said in an e-mail.
Raw sugar for March delivery climbed 0.9 percent to settle at 19.69 cents a pound at 2 p.m. on ICE Futures U.S. in New York, after touching 19.75 cents, the highest for a most-active contract since Dec. 4. Prices tumbled 16 percent last year.
Also on ICE, arabica-coffee futures for March delivery rose 3.9 percent to clos