SOFTS-Coffee, sugar ease; cocoa steadies ahead of grind data

jueves 14 de enero de 2016 08:41 GYT

* Sugar consolidates after rally

* European fourth-quarter cocoa grind due on Friday

By David Brough

LONDON, Jan 14 (Reuters) - Coffee and sugar futures eased on Thursday as a weak oil market dragged other commodities lower, with robusta coffee pressured by expectations of a pickup in Vietnamese exports.

Cocoa steadied, as traders focused on European grind data due on Friday.

Robusta futures on ICE dipped on expectations for higher shipments in January after the 2015/16 harvest in top producer Vietnam.

"Until you get a new fundamental impetus for robusta, such as reports on exports from Vietnam, robusta futures will be influenced by macroeconomic factors and fluctuations in the wider commodities complex," CoffeeNetwork analyst Andrea Thompson said.

March robusta was down $10, or 0.7 percent, at $1,447 per tonne at 1208 GMT, near a more than two-year low of $1,432 touched on Tuesday.

"A breach of support and Tuesday's low of $1,432 could see a sharper sell-off and appetite tested for contracts at $1,400," said Kash Kamal, a senior analyst with Sucden Financial Futures.   Continuación...