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Agricultural Commodities Mixed at Close

April 5, 2013 at 20:45 by Vladimir Vyun

Orange juice rallied today on concerns about waning supply from the United States. Traders were worried that dry weather and a fruit disease will lead to smaller harvest. Some other agricultural commodities also rallied, including coffee.

Not all softs joined the rally, cocoa and sugar being among losers. The poor US employment data was detrimental to the market sentiment and hurt commodities. The Standard & Poor’s GSCI Index of 24 raw materials fell 0.5 percent.

May orange-juice futures climbed $0.0695 (4.94 percent) to $1.4775 per pound as of 20:32 GMT on ICE today. Contract for Arabica coffee advanced $0.0065 (0.47 percent) to $1.4015 per pound. Meanwhile, cocoa went down $9 (0.42 percent) to $2,132 per metric ton and raw sugar dropped $0.0002 (0.11 percent) to $0.1765.

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