ICE Sugar, Coffee and Cocoa Futures Close Lower in New York; Rapeseed Gains

The softs complex moved as one, with sugar, coffee and cocoa all closing lower while canola was the lone gainer — a pattern that points to broad commodity sentiment or currency effects rather than any single-crop story. The scale of the coffee divergence stands out: arabica's modest decline against a much sharper drop in coffee "C" and robusta suggests the pressure was concentrated rather than uniform. Cocoa's fall from a $5,860-a-tonne level is the number worth tracking, since that market has been the complex's tightest. Whether canola's gain reflects genuine rotation out of softs is the open question.