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Cotton prices closed 150 to 161 points in the red to round out the week and the month, after shipment data was soft in this morning’s Export Sales report. Outside factors are showing crude oil down 74 cents/barrel, with the US dollar index down 88 points. Export Sales data showed...
July NY world sugar #11 (SBN24 ) Friday closed up +0.11 (+0.60%), and Aug London ICE white sugar #5 (SWQ24 ) closed +1.60 (+0.30%). Sugar prices Friday recovered modestly from the recent major lows due to some pre-weekend short-covering. Sugar prices Friday were undercut by news of higher Brazilian sugar...
July ICE NY cocoa (CCN24 ) Friday closed up +74 (+0.80%), and July ICE London cocoa #7 (CAN24 ) closed up +24 (+0.32%). Cocoa prices saw support after the International Cocoa Association raised its cocoa deficit estimate. On Friday, ICCO estimated a 439,000 MT cocoa deficit for 2023/24, 17% higher...
July arabica coffee (KCN24 ) on Friday closed down -10.65 (-4.57%), and July ICE robusta coffee (RMN24 ) closed down -150 (-3.51%). Coffee prices fell on some long liquidation pressure after the sharp rally seen in the past two weeks. Long liquidation pressure emerged after Friday's news of progress on...
Craft beer pioneer Anchor Brewing Co. has been purchased by Chobani yogurt founder and billionaire Hamdi Ulukaya
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Cotton prices are down 108 to 160 points at midday, after shipment data was soft in this morning’s Export Sales report. Outside factors are showing crude oil down 53 cents/barrel, with the US dollar index down 68 points. Export Sales data showed a 9.71% increase in cotton bookings during the...
July NY world sugar #11 (SBN24 ) today is up +0.17 (+0.93%), and Aug London ICE white sugar #5 (SWQ24 ) is up +3.30 (+0.61%). Sugar prices are mildly higher on some pre-weekend short-covering as they consolidate mildly above the recent major lows. There was fresh bearish news Thursday when...
July ICE NY cocoa (CCN24 ) today is up +74 (+0.80%), and July ICE London cocoa #7 (CAN24 ) +24 (+0.32%). Cocoa prices are consolidating below Thursday's 3-week highs and are trading higher. Cocoa prices have underlying support from dry conditions in West Africa that are causing an uncertain outlook...
July arabica coffee (KCN24 ) today is down -11.30 (-4.85%), and July ICE robusta coffee (RMN24 ) is down -151 (-3.54%). Coffee prices are sharply lower on long liquidation pressure after the sharp rally seen in the past two weeks. Long liquidation pressure emerged after today's news of progress on...
Coffee and cocoa both moved higher this week, and nickel prices pulled back amid ongoing supply issues out of New Caledonia.
Cotton prices are down 50 to 112 points as traders shift attention toward weekend holdings. Cotton futures had a reality check on Thursday, as contracts were down 130 to 334 points at the close. July futures erased more than 4 gains of gains. Rain across much of cotton country was...
Cotton futures posted weakness on Thursday, as contracts were down 130 to 334 points at the close. Rains across much of cotton country was pressure for the market, as crop conditions are already off to a decent start. Due to the drop back into the 70 cent level, cotton price...
July NY world sugar #11 (SBN24 ) on Thursday closed down -0.16 (-0.87%), and Aug London ICE white sugar #5 (SWQ24 ) closed down -3.30 (-0.61%). Sugar prices posted moderate losses on Thursday as they consolidated above the major lows posted earlier this month. An early arrival of monsoon rains...
July ICE NY cocoa (CCN24 ) on Thursday closed down -52 (-0.56%), and July ICE London cocoa #7 (CAN24 ) closed down -124 (-1.64%). Cocoa prices Thursday fell back from 3-week highs and closed moderately lower. Long liquidation pressures emerged in cocoa futures Thursday after prices soared more than +15%...
July arabica coffee (KCN24 ) on Thursday closed up +3.55 (+1.55%), and July ICE robusta coffee (RMN24 ) closed up +93 (+2.23%). Coffee prices posted moderate gains on Thursday, with robusta climbing to a 1-month nearest-futures high. Coffee prices are supported by fears that excessive dryness in Brazil and Vietnam...
Cotton futures are using some of the newer 4 cent limit in the July contract on Thursday, down 343 points. Other contracts are down 150 to 200 points. Outside factors are showing crude oil down $1.23/barrel, with the US dollar index down 414 points. Rains across much of cotton country...
July NY world sugar #11 (SBN24 ) today is down -0.17 (-0.93%), and Aug London ICE white sugar #5 (SWQ24 ) is down -2.80 (-0.52%). Sugar prices today are moderately lower but are consolidating above the major lows posted earlier this month. An early arrival of monsoon rains in India...
July ICE NY cocoa (CCN24 ) today is down -42 (-0.45%), and July ICE London cocoa #7 (CAN24 ) is down -123 (-1.63%). Cocoa prices today fell back from 3-week highs and are moderately lower. Long liquidation pressures emerged in cocoa futures today after prices soared more than +15% earlier...
July arabica coffee (KCN24 ) today is up +2.70 (+1.18%), and July ICE robusta coffee (RMN24 ) is up +106 (+2.54%). Coffee prices today are moderately higher, with robusta climbing to a 1-month nearest-futures high. Coffee prices are supported by fears that excessive dryness in Brazil and Vietnam will damage...
Cotton prices are up 11 to 74 points this morning. Futures were down 6 to 133 points across the board on Wednesday. Outside factors were a negative influence, with crude oil down 54 cents/barrel and the US dollar index up 541 points. The weekly Crop Progress report showed 59% of...
Cotton futures were down 10 to 133 points across the board on Wednesday. Outside factors were a negative influence, with crude oil down 54 cents/barrel and the US dollar index up 541 points. The weekly Crop Progress report showed 59% of the cotton crop planted as of Sunday, 2% ahead...
July NY world sugar #11 (SBN24 ) on Wednesday closed down -0.38 (-2.03%), and Aug London ICE white sugar #5 (SWQ24 ) closed down -10.10 (-1.82%). Sugar prices retreated on Wednesday due to weakness in the Brazilian real. The real Wednesday (^USDBRL) fell to a 5-week low against the dollar,...
July ICE NY cocoa (CCN24 ) on Wednesday closed up +529 (+6.03%), and July ICE London cocoa #7 (CAN24 ) closed up +464 (+6.55%). Cocoa prices Wednesday rallied sharply for a second day, with NY cocoa posting a 3-week high and London cocoa posting a 2-week high. Inadequate rain in...
July arabica coffee (KCN24 ) on Wednesday closed down -1.50 (-0.65%), and July ICE robusta coffee (RMN24 ) closed up +57 (+1.38%). Coffee prices on Wednesday gave up sharp gains and settled mixed, with robusta climbing to a 1-month nearest-futures high. Coffee prices initially opened higher Wednesday, with arabica posting...
