Sugar, Coffee Climb on Index Rebalancing; Cocoa Rises
date:Jan 08, 2013
Sugar and coffee futures rose on speculation that investment funds tracking commodity indexes will increase their holdings. Cocoa and cotton also advanced, while orange juice dropped.

Investors will probably buy 31,451 contracts of raw sugar and 11,148 lots of arabica coffee as weightings shift for the Standard Poors GSCI and Dow Jones-UBS Commodity gauges, Morgan Stanley estimates. That may bring inflows of $1.5 billion to the sugar, coffee, cocoa and cotton markets, the New York- based bank
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