Latest News
Jim's exploration of previous growing seasons and their correlations with El Niño/La Niña (vis-à-vis tornado activity)
Cotton prices retreated ahead of the holiday weekend, down 9 to 120 points in the actively traded contract months. Nearby July was still up 463 points for the week, thanks to a limit up move at midweek. Cotton limits are back to 400 points, with the July contract back above...
July NY world sugar #11 (SBN24 ) on Friday closed up +0.15 (+0.82%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) closed up +6.20 (+1.15%). Sugar prices on Friday recovered from 1-week lows and posted moderate gains as a weaker dollar (DXY00 ) sparked short covering in...
July ICE NY cocoa (CCN24 ) on Friday closed up +185 (+2.28%), and July ICE London cocoa #7 (CAN24 ) closed up +167 (+2.51%). Cocoa prices Friday added to Thursday's sharp gains and posted 1-1/2 week highs. Since posting 2-1/2 month lows on Monday, cocoa prices have recovered after the...
July arabica coffee (KCN24 ) on Friday closed up +2.60 (+1.21%), and July ICE robusta coffee (RMN24 ) closed up +73 (+1.91%). Coffee prices on Friday settled moderately higher but remained below Thursday's 3-week highs. Concerns that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global...
Cotton prices are down 55 to 140 points on Friday’s midday. Cotton limits are back to 400 points, with the July contract back in the 80 cent level. The outside market factors are supportive this go ‘round, with crude oil 83 cents lower and the US dollar index 421 points...
July NY world sugar #11 (SBN24 ) today is up +0.19 (+1.04%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) is up +4.90 (+0.91%). Sugar prices today recovered from 1-week lows and moved moderately higher as a weaker dollar (DXY00) sparked short covering in sugar futures. Sugar...
July ICE NY cocoa (CCN24 ) today is up +148 (+1.83%), and July ICE London cocoa #7 (CAN24 ) is up +141 (+2.12%). Cocoa prices today extended Thursday's sharp rally to new 1-1/2 week highs. Since posting 2-1/2 month lows on Monday, cocoa prices have recovered after the Hightower Report...
July arabica coffee (KCN24 ) today is up +2.20 (+1.02%), and July ICE robusta coffee (RMN24 ) is up +43 (+1.13%). Coffee prices today are moderately higher but remain below Thursday's 3-week highs. Concerns that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global production underpin...
Cotton prices are down 23 to 46 points this morning, after futures were up anywhere from 24 to 234 points on Thursday, with July leading the way. Cotton limits are back to 400 points, with the July contract back in the 80 cent level. The outside market factors were again...
Cotton futures were up anywhere from 24 to 234 points on Thursday, as July led the way. Cotton limits are back to 400 points, with the July contract back in the 80 cent level. The outside market factors were again not supportive, with crude oil 53 cents lower and the...
July NY world sugar #11 (SBN24 ) on Thursday closed up +0.03 (+0.169%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) closed down -1.80 (-0.33%). Sugar prices Thursday settled mixed as they consolidated above last week's significant lows. Sugar prices have tumbled over the past seven weeks...
July ICE NY cocoa (CCN24 ) on Thursday closed up +573 (+7.60%), and July ICE London cocoa #7 (CAN24 ) closed up +409 (+6.55%). Cocoa prices rallied sharply Thursday, with NY cocoa posting a 1-1/2 week high and London cocoa posting a 1-week high. Cocoa has carryover support from Tuesday...
July arabica coffee (KCN24 ) on Thursday closed down -4.80 (-2.18%), and July ICE robusta coffee (RMN24 ) closed down -98 (-2.50%). Coffee prices Thursday retreated from 3-week highs and closed moderately lower. Long liquidation emerged in coffee futures Thursday after Conab revised its 2024 Brazil coffee production estimate up...
Cotton prices are up sharply again on Thursday, with July using some of the expended 4 cent limit at midday. July is up 304 points, with the rest of the contracts falling in order, up 136 to 176 points. The outside market factors re again not supportive, with crude oil...
July NY world sugar #11 (SBN24 ) today is up +0.09 (+0.49%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) is down -0.40 (-0.07%). Sugar prices today are mixed as they consolidate above last week's significant lows. Sugar prices have tumbled over the past seven weeks as...
July ICE NY cocoa (CCN24 ) today is up +635 (+8.43%), and July ICE London cocoa #7 (CAN24 ) is up +409 (+6.55%). Cocoa prices today are sharply higher, with NY cocoa at a 1-1/2 week high and London cocoa at a 1-week high. Cocoa has carryover support from Tuesday...
July arabica coffee (KCN24 ) today is down -2.25 (-1.02%), and July ICE robusta coffee (RMN24 ) is down -67 (-1.71%). Coffee prices today fell back from 3-week highs and are moderately lower. Long liquidation emerged in coffee futures today after Conab revised its 2024 Brazil coffee production estimate up...
Cotton prices are up 58 to 132 points as we begin your Thursday. Futures posted a 3 cent (300 point) limit gain in the July contract on Wednesday, with other contracts up 68 to 220 points. ICE did expand limits to 4 cents for the Thursday session. The outside market...
Jim's focus on the coffee crop via his grapevine of agents at the source in three countries (He also shares a thought or two about soybeans, sugar and orange juice)
Cocoa had a huge run up in the first 4 months of the year and spread prices across the board are inflated. I expect to see continued contraction in the carry yield which will benefit “sell” calendar spreads.
Cotton futures posted a 3 cent limit gain in the July contract on Wednesday, with other contracts up 68 to 220 points. ICE did expand limits to 4 cents for the Thursday session. The outside market factors are again not supportive, with crude oil $1.32 lower and the US dollar...
July NY world sugar #11 (SBN24 ) on Wednesday closed down -0.33 (-1.78%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) closed down -2.90 (-0.53%). Sugar prices Wednesday were under moderate pressure from weakness in the Brazilian real and an improved global supply outlook. On Wednesday, the...
July ICE NY cocoa (CCN24 ) on Wednesday closed up +142 (+1.92%), and July ICE London cocoa #7 (CAN24 ) closed up +132 (+2.16%). Cocoa prices rallied moderately for a second day. Prices are correcting upward from the month-long decline to Monday's 2-1/2 month lows. Short covering in cocoa futures...
July arabica coffee (KCN24 ) on Wednesday closed up +3.25 (+1.50%), and July ICE robusta coffee (RMN24 ) closed up +183 (+4.90%). Coffee prices on Wednesday extended Tuesday's rally to fresh 3-week highs. Coffee prices have moved sharply higher this week on concerns that excessive dryness in Brazil and Vietnam...
