SOFTS-Sugar, cocoa gain as fund money pours in at start of quarter
* Raw sugar has largest one-session gain since Jan. 6
* Brazil real rallies to highest level in a week
* Capital flows into commodities on 1st day of quarter (Adds trade comment, updates with closing prices, adds byline, NEW YORK dateline)
By Luc Cohen and David Brough
NEW YORK/LONDON, April 1 (Reuters) - Raw sugar futures saw their largest single-session gain in nearly two months on Wednesday as the real currency of top-grower Brazil rallied and speculator money poured into underperforming commodities on the first day of the new quarter.
Cocoa on ICE Futures U.S. gained, also benefiting from the capital inflows, while arabica coffee futures rallied on the firmer real before paring gains late in the session.
"There's new money coming into the markets for the second quarter," said Nick Gentile, managing partner at commodity trading advisor NickJen Capital in New York.
"A lot of people have been running short commodities and they're getting blown out today."
Front-month raw sugar benefited from the inflows, gaining 0.39 cent, or 3.3 percent, to settle at 12.32 cents a lb in heavy volume. That was its largest single-session gain since Jan. 6. Continuación...