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Funds increase long position in cotton, raw sugar

Credit: REUTERS/NICK OXFORD

Speculators increased their net long positions in futures of cotton and raw sugar on ICE U.S. in the week to July 27, keeping their position on coffee little changed, data from the U.S. Commodity Futures Trading Commission (CFTC) showed on Friday.

NEW YORK, July 30 (Reuters) - Speculators increased their net long positions in futures of cotton and raw sugar on ICE U.S. in the week to July 27, keeping their position on coffee little changed, data from the U.S. Commodity Futures Trading Commission (CFTC) showed on Friday.

Money managers and hedge funds added 18,754 contracts to their bullish bets in sugar to a total long of 169,913 lots as frosts in top producer Brazil appeared to damage some sugar cane fields.

(Reporting by Marcelo Teixeira; Editing by Leslie Adler)

((marcelo.teixeira@tr.com; +1 332 220 8062; Reuters Messaging: marcelo.teixeira.thomsonreuters.com@reuters.net - https://twitter.com/tx_marcelo))

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