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  • Nov 2nd, 2005
  • Comments Off on US MIDDAY: cocoa firmer on non-commercial participants
US cocoa futures finished on positive ground Tuesday after non-commercial participants focused on rolling out of their front-month positions for longer-dated contracts, traders said.

The New York Board of Trade's active December cocoa contract rose $17, or about 1.3 percent, to settle at $1,368 a tonne, snapping three consecutive days of declines.

The December contract, which has its first notice day for delivery on November 15, was dealt from $1,352 to $1,371 - inside the previous session's trading range. March cocoa advanced $15 to conclude at $1,407, and back month cocoa futures climbed $14 to $16.

Copyright Reuters, 2005


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