SOFTS-London cocoa rebounds, raw sugar rises past resistance

NEW YORK, Nov 26 (Reuters) - London cocoa futures rose on Wednesday as industry buying helped the market regain some ground after the previous session's fall to the lowest level in nearly two years, while raw sugar posted strong gains.

There will be no trading for raw sugar, New York cocoa and arabica coffee on Thursday on ICE due to the U.S. Thanksgiving holiday.

COCOA

London cocoa LCCc2 ​​settled up 9 pounds, or 0.2%, to 3,792 pounds per metric ton. Prices had fallen to 3,773 pounds on Tuesday for their lowest in nearly two years.

The market has been pressured by increased port arrivals in top grower Ivory Coast, though the pace could begin to slow in the next few weeks.

"Wet weather may delay cocoa harvesting across Ghana and eastern Ivory Coast," LSEG Research and Insights said in a report on Wednesday.

New York cocoa CCc2 ended little changed at $5,093 a ton.

Ecuador is expected to export more than 623,000 tons of cocoa in 2026, the National Cocoa Exporters Association, Anecacao, told Reuters on Tuesday.

SUGAR

Raw sugar SBc1 ​settled up 0.23 cent, or 1.5%, at 15.14 cents per lb, rising past the resistance at 15.05 that triggered some buy stops, dealers said.

Broker StoneX cut its projection for Brazil sugar output next year, while it increased its view for ethanol production.

The market was awaiting data on sugar and cane production in Brazil's Centre-South region for the first half of November, which should be published during the next few days.

Sugar production in the region is expected to total 1.08 million tons in the first half of November, up 18.9% year on year, according to an S&P Global Commodity Insights survey of analysts.

White sugar LSUc1 rose 1.3%, at $433.60 a ton.

COFFEE

Robusta coffee LRCc1 settled down $46, or 1%, at $4,513 a ton.

Dealers said the harvest in top robusta producer Vietnam continued to face delays after heavy rains that have also generated significant quality concerns.

Arabica coffee KCc2 lost 0.9% to $3.797 per lb.