Funds reduced long positions in sugar, cotton; increase in coffee -CFTC

NEW YORK, April 29 (Reuters)Speculators reduced their net long positions in raw sugar and cotton futures on ICE US in the week to April 26 and increased their bullish bets on arabica coffee, data from the ICE showed on Friday. Commodity Futures Trading Commission (CFTC).

Money managers and hedge funds cut 18,332 contracts in raw sugar for a net long position of 100,783 lots. They reduced their net long position in cotton by 2,528 contracts, while they increased their long position in coffee by 346 lots.

(Reporting by Marcelo Teixeira; Editing by Leslie Adler)

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