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The World Bank anticipates a decline in global food prices throughout 2024 and 2025, primarily driven by lower prices for grains and oils. However, the latest report from the bank warns of potential risks, including geopolitical tensions and weather-related disruptions, that could impact this projection.
Cotton futures were up 38 to 94 points on Monday. Active December is leading the way up 94 points. The outside markets were mixed, with Crude Oil down $1.04 per barrel, with the US dollar index down 279 points, adding a little support. Weekly Crop Progress data indicated 15% of...
May NY world sugar #11 (SBK24 ) on Monday closed up +0.80 (+4.12%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +10.10 (+1.79%). Sugar prices Monday rallied sharply, with NY sugar posting a 2-week high. Concerns that excessive dryness in Brazil will reduce Brazil's sugar output are...
July ICE NY cocoa (CCN24 ) on Monday closed down -1,663 (-15.70%), and May ICE London cocoa #7 (CAK24 ) closed down -1,249 (-13.23%). Cocoa prices Monday plummeted, with NY cocoa posting a 3-week low and London cocoa falling to a 2-1/2 week low. Cocoa prices fell sharply lower Monday...
July arabica coffee (KCN24 ) on Monday closed up +3.50 (+1.56%), and July ICE robusta coffee (RMN24 ) closed up +13 (+0.31%). Coffee prices on Monday closed moderately higher. Dryness in Brazil that could reduce coffee yields supports prices after Somar Meteorologia reported Monday that Brazil's Minas Gerais region received...
Cotton futures are up 59 to 86 points so far at Monday’s midday. Active December is leading the way up 86 points. The outside markets were mixed, with Crude Oil down 77 cents per barrel, with the US dollar index down 449 points, adding a little support. CFTC data released...
May NY world sugar #11 (SBK24 ) this morning is up +0.76 (+3.92%), and Aug London ICE white sugar #5 (SWQ24 ) is up +9.70 (+1.72%). Sugar prices this morning are sharply higher, with NY sugar posting a 2-week high. Concerns that excessive dryness in Brazil will reduce Brazil's sugar...
July ICE NY cocoa (CCN24 ) this morning is down -1,723 (-16.26%), and May ICE London cocoa #7 (CAK24 ) is down -1,249 (-13.23%). Cocoa prices this morning are sinking, with NY cocoa plunging to a 3-week low and London cocoa plummeting to a 2-1/2 week low. Cocoa prices are...
July arabica coffee (KCN24 ) this morning is up +2.60 (+1.16%), and July ICE robusta coffee (RMN24 ) is up +9 (+0.22%). Coffee prices this morning are moderately higher. Dryness in Brazil that could reduce coffee yields supports prices after Somar Meteorologia reported today that Brazil's Minas Gerais region received...
Dry weather conditions in key winter wheat-growing regions of Russia are raising concerns about potential crop damage and supporting global wheat prices, as reported by the Agriculture and Horticulture Development Board (AHDB).
Recent rainfall in Brazil has provided favorable conditions for the development of second-crop corn in most producing regions, according to the latest Agricultural Monitoring Bulletin (BMA) released by the National Supply Company (Conab).
Cotton prices are starting off the week with a bounce, as contracts are up 47 to 68 points. Cotton settled lower on Friday, by 18 to 39 points. Nearby May is in deliveries, and only one trade was reported for the entire day, at 80.07. Active December was down 33...
Cotton futures settled lower on Friday, by 18 to 39 points. Nearby May is in deliveries, and only one trade was reported for the entire day, at 80.07. Active December was down 33 points and settled just a few ticks off of the intraday low. The outside markets were mixed,...
May NY world sugar #11 (SBK24 ) on Friday closed down -0.08 (-0.51%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +0.10 (+0.02%). Sugar prices on Friday settled mixed. Sugar futures came under pressure Friday after Unica reported that 2024/25 Brazil sugar production in the first half...
July ICE NY cocoa (CCN24 ) on Friday closed down -210 (-1.94%), and May ICE London cocoa #7 (CAK24 ) closed down -173 (-1.80%). Cocoa prices settled moderately lower on Friday as a stronger dollar (DXY00 ) fueled long liquidation pressures in cocoa futures. Cocoa also has a negative carryover...
July arabica coffee (KCN24 ) on Friday closed down -4.10 (-1.80%), and July ICE robusta coffee (RMN24 ) closed down -153 (-3.55%). Coffee prices on Friday posted moderate losses. A rebound in ICE-monitored coffee supplies sparked long liquidation in coffee futures Friday. ICE-monitored robusta coffee inventories on Thursday rose to...
Cotton futures showing mixed action on Friday, with front months up 6 to 49 points and December and beyond down 3 to 22 points. The outside markets are providing a mixed influence, with crude oil up 45 cents/barrel and the US dollar index 469 points higher. ICE certified cotton stocks...
May NY world sugar #11 (SBK24 ) this morning is up +0.04 (+0.21%), and Aug London ICE white sugar #5 (SWQ24 ) is up +1.60 (+0.28%). Sugar prices this morning are posting modest gains as strength in the Brazilian real has sparked short-covering in sugar futures. The real (^USDBRL )...
July ICE NY cocoa (CCN24 ) this morning is down -129 (-1.19%), and May ICE London cocoa #7 (CAK24 ) is down -153 (-1.591%). Cocoa prices this morning are moderately lower as a stronger dollar (DXY00 ) has fueled long liquidation pressures in cocoa futures. Cocoa also has a negative...
July arabica coffee (KCN24 ) this morning is down -4.30 (-1.89%), and July ICE robusta coffee (RMN24 ) is down -153 (-3.55%). Coffee prices this morning are posting moderate losses. A rebound in ICE-monitored coffee supplies has sparked long liquidation in coffee futures today. ICE-monitored robusta coffee inventories on Thursday...
Cotton futures are up 6 to 45 this morning. They posted mixed action on Thursday, with contracts anywhere from up 38 points to 21 points lower. The outside market influences saw crude oil up $1.03/barrel (highest close since April 16) and the US dollar index 260 points lower. USDA Export...
Cotton futures posted mixed action on Thursday, with contracts anywhere from up 38 points to 21 points lower. The outside market influences saw crude oil up $1.03/barrel and the US dollar index 260 points lower. Export Sales data from this morning saw an uptick to the old crop cotton bookings...
May NY world sugar #11 (SBK24 ) on Thursday closed down -0.52 (-2.60%), and Aug London ICE white sugar #5 (SWQ24 ) closed down -13.00 (-2.25%). Sugar prices retreated Thursday based on the outlook for larger sugar output in Brazil. Conab, Brazil's crop agency, projected Thursday that Brazil's 2024/25 sugar...
July ICE NY cocoa (CCN24 ) on Thursday closed down -213 (-1.93%), and May ICE London cocoa #7 (CAK24 ) closed down -174 (-1.78%). Cocoa prices Thursday gave up an early advance and fell sharply on increased cocoa supplies. Nigeria, the world's fifth largest cocoa producer, reported Thursday that its...
July arabica coffee (KCN24 ) on Thursday closed up +2.20 (+0.97%), and July ICE robusta coffee (RMN24 ) closed up +38 (+0.89%). Coffee prices Thursday finished moderately higher, with July robusta posting a new contract high. Robusta coffee prices saw support from concern about tight robusta supplies from Vietnam. Dry...
