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Coffee, Sugar & Hogs Rally, Cattle Little-Changed

November 20, 2015 at 21:22 by Vladimir Vyun

Coffee and sugar gained on Friday due to the rally of the Brazilian real. Previously, the weakness of the currency of the world’s biggest producer led to a slump of prices. The sharp rally caught short sellers off-guard, prompting them to close positions and driving prices even higher. March futures for delivery of Arabica coffee climbed 1.8 percent to $1.244 per pound as of 21:08 GMT on ICE today. Prices for sugar leaped as much as 2.34 percent to $0.153 per pound.

Cattle futures were little changed during Friday’s trading after volatile week. Prices were demonstrating wide swing this week as traders were uncertain whether the previous drop Wrestling Ring Bounce House of prices would increase demand for the commodity. Hogs, on the other hand, logged substantial gains during the last trading day of this week. February contract for live cattle was little changed at $1.3203 per pound on CME today. At the same time, hogs rallied 2.82 percent.

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