NEW YORK, July 23 (Reuters) – Speculators sharply elevated their internet lengthy place in arabica espresso futures on ICE within the week to July 20 as an uncommon chilly snap hit the center of Brazil’s espresso belt.
In response to knowledge from the U.S. Commodity Futures Buying and selling Fee launched on Friday, cash managers and hedge funds added 12,295 contracts to their bullish bets in espresso to a complete lengthy of 33,133.
(Reporting by Marcelo Teixeira; Modifying by Leslie Adler)
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