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SOFTS-Arabica coffee soars to 3-1/2-month high

(Adds quote, updates prices) NEW YORK, May 29 (Reuters) - Arabica coffee futures on ICE rose to their highest since Feb. 13 on Wednesday, extending a recent rebound from a 13-1/2-year low earlier in May, boosted by technically-driven buying and a strengthening in Brazil's real currency.


* July arabica coffee settled 3.45 cents, or 3.6%, higher at 99.50 cents per lb.

* Dealers said cold weather in top grower Brazil may have played a role in the recent run-up although there remained no immediate threat of crop damaging frosts.

* "It was a relatively mild cold front, without any mentionable damage, that lifted the market by simply reminding players that the weather can be unpredictable," Rabobank said in a market note.

* Brazil's real has also recovered some ground during the last few days, reducing returns in local currency terms for dollar-denominated commodities such as coffee and sugar and thereby discouraging producer selling.

* July robusta coffee rose $40, or 2.9%, to $1,412 a tonne.

* Vietnam's coffee exports in the first five months of 2019 would likely fall 13.1% from a year earlier to 767,000 tonnes, preliminary government data showed on Wednesday.


* July raw sugar settled up 0.12 cent, or 1%, to 11.87 cents per lb, also supported by a firmer Brazilian real.

* The market also derived some support from broad-based strength in agricultural commodity markets, including grains and coffee, but the upside remained capped by plentiful supplies.

* "A confirmed move above the important 12 cent chart resistance level would have opened the door to a move back to 12.25/12.30 but so far that resistance is holding well and prices have eased back down," James Liddiard at Agrilon said in a note.

* August white sugar was up 30 cents, or 0.2%, at $325.90 a tonne.

* Brazilian sugar and ethanol producer Usina Santa Adélia will close one of its three mills in Sao Paulo state to cut costs and boost efficiency, the company said.


* July London cocoa fell 2 pounds, or 0.2%, to 1,783 pounds a tonne.

* July New York cocoa was down $12, or 0.4 percent, at $2,438 a tonne. Ghana's cocoa regulator Cocobod will issue up to $2 billion in long-dated debt to fund road construction and refinance existing loans, its deputy chief executive for finance said on Tuesday.

(Reporting by Nigel Hunt and Jessica Resnick-Ault; Editing by Rosalba O'Brien)