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Funds cut long position in arabica coffee, reduce shorts in raw sugar

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NEW YORK, June 24 (Reuters) -Speculators cut their bullish bets in futures of arabica coffee on ICE U.S. in the week to June 18, while reducing their short position in raw sugar, the Commodity Futures Trading Commission (CFTC) said on Monday.

Funds cut 1,618 lots from their net long position in arabica coffee, taking it to 43,321 contracts. They reduced their net short position in raw sugar by 15,884 lots to 48,360. Funds' net long position in cocoa futures was little changed at 13,585 lots.

Reporting by Marcelo Teixeira; Editing by Leslie Adler


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