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Food Beverage News and Commentary

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Wed, May 29th, 2024
Grain Spreads: Wheat Worries

Downgrades Continue for Wheat

Sugar Rallies on Signs of Improved Demand

July NY world sugar #11 (SBN24 ) on Tuesday closed up +0.32 (+1.74%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +7.60 (+1.39%). Sugar prices posted moderate gains on Tuesday, with NY sugar climbing...

SBN24 : 18.49 (-1.28%)
SWQ24 : 548.10 (-0.98%)
Cocoa Prices Finish Sharply Higher as Ivory Coast Cocoa Production Shrinks

July ICE NY cocoa (CCN24 ) on Tuesday closed up +486 (+5.86%), and July ICE London cocoa #7 (CAN24 ) closed up +261 (+3.83%). Cocoa prices Tuesday surged to 2-week highs. Lower cocoa production in the...

CCN24 : 8,955 (+1.99%)
CAZ24 : 5,931 (+2.24%)
Coffee Prices Close Sharply Higher on Weather Concerns in Brazil and Vietnam

July arabica coffee (KCN24 ) on Tuesday closed up +12.70 (+5.82%), and July ICE robusta coffee (RMN24 ) closed up +228 (+5.86%). Coffee prices Tuesday rallied sharply, with arabica jumping to a 1-month...

KCN24 : 229.60 (-0.58%)
RMN24 : 4,099 (-0.51%)
Sugar Climbs on Signs of Improved Demand

July NY world sugar #11 (SBN24 ) today is up +0.31 (+1.68%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) is up +7.30 (+1.34%). Sugar prices today are moderately high, with NY sugar climbing to...

SBN24 : 18.49 (-1.28%)
SWQ24 : 548.10 (-0.98%)
Cocoa Prices Jump to 2-Week Highs on Reduced Ivory Coast Cocoa Output

July ICE NY cocoa (CCN24 ) today is up +426 (+5.14%), and July ICE London cocoa #7 (CAN24 ) is up +261 (+3.83%). Cocoa prices today rallied sharply to 2-week highs. Lower cocoa production in the Ivory...

CCN24 : 8,955 (+1.99%)
CAZ24 : 5,931 (+2.24%)
Coffee Prices Surge as Dryness Threatens Coffee Crops in Brazil and Vietnam

July arabica coffee (KCN24) today is up +11.65 (+5.34%), and July ICE robusta coffee (RMN24) is up +182 (+4.68%). Coffee prices today are sharply higher, with arabica jumping to a 1-month high. Coffee...

Grains Markets Gap Higher to Start the Week. Will the Strength Hold?

Grain markets gap higher in the overnight trade but sizzle in early morning Session.

Drought Impacts Wheat Yields in North Africa, While Egypt Rebounds with Strong Harvest

Drought conditions have severely impacted wheat yields in Morocco and Algeria, according to the latest report from the European Commission's Monitoring Agricultural Resources (MARS) Bulletin. Meanwhile,...

Wet Conditions Delay Spring Crops Across Western Europe

The European spring crop outlook is marked by contrasting conditions, with significant delays in planting across western and northern Europe, while favorable weather has allowed for a smooth sowing campaign...

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China's Silver Imports are expected to surge in the coming weeks as traders look to take advantage of the widening spread between Silver prices in China and the rest of the world https://t.co/HhFUVuyL4b
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Japanese Yen has fallen to its lowest level against the U.S. Dollar since the Bank of Japan secretly intervened a month ago https://t.co/cS8l49CXMV
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FUN FACT ✅: Nvidia $NVDA is now worth more than $TSLA, $XOM, $WMT, $COST, $NFLX, $INTC, $DIS, and $PEP combined https://t.co/SqS3EVDjgO https://t.co/bl7ViGIJZ3
Barchart
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S&P 500 $SPX has now traded green in 23 of the last 30 weeks for only the 3rd time in the last 35 years 🚨 https://t.co/GTIfS85kQN
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👇👇👇 https://t.co/nLhTVPz7KK
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Microsoft Insider Trading Alert 🚨 Chief Communication Officer Judson Althoff sold 25,000 $MSFT shares for a total value of $10.6 million https://t.co/wu49BN1tUv https://t.co/tddzHDcgNu
Barchart
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BREAKING 🚨: Jim Chanos Short Seller Jim Chanos, who had to shutter his hedge fund last year due to massive losses, is now accused of embezzlement https://t.co/Z4d60Kgmco https://t.co/WaBmwWlekB
Barchart
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Nvidia is up 133% since Former Speaker Nancy Pelosi bought 50 $NVDA Dec 2024 120 strike calls for a total premium of $1.9 million on November 22. Her position is now worth $5.1 million, a gain of roughly 168%. https://t.co/taMPq39tMg
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Oops - Nvidia $NVDA https://t.co/yTa0SVmI7X

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Cts Corp (CTS)

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