Sugar futures bounded higher on Thursday on concern about delays to the harvest in top producer Brazil, but cocoa fell and coffee wound up mixed.
"Since the second half of February, cloudy and rainy conditions have also affected cane growth and this, added to the drought damage suffered at the end of last season, may have a negative impact on productivity at the start of the harvesting season," Sucden Financial said in a market note.
Sterling Smith, senior analyst at brokers Country Hedging Inc in Minnesota, said it was uncertain "how much" damage the rains could inflict on the harvest of Brazil's centre-south cane areas, the premier sugar-growing region of the world, or what kind of delays the market was looking at in the harvest.
New York's May raw sugar futures jumped 0.87 cent to finish at 27.45 cents per lb.
New York's May cocoa futures fell $48 to conclude at $3,203 per tonne. ICE May arabica coffee dropped 2.80 cents to end at $2.658 per lb.
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