MF Global Holdings Ltd.’s bankruptcy is sending some of the firm’s customers rushing for new clearing brokers after CME Group Inc. and Intercontinental Exchange Inc. blocked them from new business on their futures markets.
Coffee futures rose to a 25-month high as concerns mounted that the global market will swing to a deficit after a drought in the first quarter ravaged crops in Brazil, the world’s biggest producer and exporter.
Orange-juice futures fell, capping the biggest weekly drop since September, as tests by the U.S. Food and Drug Administration for a banned fungicide in some domestic supplies indicated no health risk. Cotton climbed.
Sugar fell the most since September as weather conditions improved for Brazil’s cane crop, the world’s largest, and a stronger dollar curbed the appeal of commodities as investments. Coffee and cocoa dropped.