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Softs News and Commentary

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Fri, May 17th, 2024
Cocoa Nears Bearish ABCD Pattern

Downside target zones at 5898-5526 and 4600-3611.

Cotton Posts Thursday Strength

The cotton market was back up on Thursday to post gains of 83 to 105 points at the close. The outside market factors are a mixed bag, with crude oil up another 71 cents and the US dollar index back 193...

CTN24 : 76.04 (-0.26%)
CTV24 : 76.20s (+1.24%)
CTZ24 : 74.92 (-0.36%)
Sugar Prices Slump as Supply Concerns Fade

July NY world sugar #11 (SBN24 ) on Thursday closed down -0.32 (-1.72%), and Aug London ICE white sugar #5 (SWQ24 ) closed down -6.10 (-1.12%). Sugar prices Thursday added to this week's losses, with NY...

SBN24 : 18.33s (-1.72%)
SWQ24 : 536.20s (-1.12%)
Cocoa Settles Sharply Lower as Volatile Price Moves Continue

July ICE NY cocoa (CCN24 ) on Thursday closed down -450 (-5.74%), and July ICE London cocoa #7 (CAN24 ) closed down -325 (-4.96%). Cocoa prices posted sharp losses on Thursday as the market continued its...

CCN24 : 7,393s (-5.74%)
CAU24 : 5,863s (-5.04%)
Arabica Coffee Closes Lower as ICE Coffee Inventories Recover

July arabica coffee (KCN24 ) on Thursday closed down -1.50 (-0.75%), and July ICE robusta coffee (RMN24 ) closed up +18 (+0.53%). Coffee prices on Thursday settled mixed. A rebound in ICE coffee inventories...

KCN24 : 197.90s (-0.75%)
RMN24 : 3,420s (+0.53%)
^USDBRL : 5.13000 (+0.01%)
Cotton Rallying Despite Weaker Export Sales Data

The cotton market is trading with 131 to 176 point gains on Thursday’s midday. The outside market factors are a mixed bag, with crude oil up another 48 cents and the US dollar index back 113 points higher....

CTN24 : 76.04 (-0.26%)
CTV24 : 76.20s (+1.24%)
CTZ24 : 74.92 (-0.36%)
Sugar Prices Hammered on the Outlook for Abundant Supplies

July NY world sugar #11 (SBN24 ) today is down -0.25 (-1.34%), and Aug London ICE white sugar #5 (SWQ24 ) is down -4.10 (-0.76%). Sugar prices today extended this week's slide, with NY sugar posting a...

SBN24 : 18.33s (-1.72%)
SWQ24 : 536.20s (-1.12%)
Cocoa Sharply Lower as a Lack of Liquidity Sparks Volatile Price Moves

July ICE NY cocoa (CCN24 ) this morning is down -467 (-5.95%), and July ICE London cocoa #7 (CAN24 ) is down -314 (-4.79%). Cocoa prices today are sharply lower as the market continues its volatile price...

CCN24 : 7,393s (-5.74%)
CAU24 : 5,863s (-5.04%)
Coffee Prices Mixed on Higher ICE Coffee Inventories and Brazilian Real Strength

July arabica coffee (KCN24 ) this morning is down -0.60 (-0.30%), and July ICE robusta coffee (RMN24 ) is up +2 (+0.06%). Coffee prices today are mixed. A rebound in ICE coffee inventories from historically...

KCN24 : 197.90s (-0.75%)
RMN24 : 3,420s (+0.53%)
^USDBRL : 5.13000 (+0.01%)
Cotton Bounce Extending into Thursday

The cotton market is up 84 to 119 points to start the Thursday session. Most contracts showed gains on Wednesday, with futures up 8 to 78 points. The outside market factors were helpful, with crude oil...

CTN24 : 76.04 (-0.26%)
CTV24 : 76.20s (+1.24%)
CTZ24 : 74.92 (-0.36%)

Tweets @Barchart

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Foreign Investors just bought the most Turkish Bonds in over a decade https://t.co/fx6IJVfISR
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BREAKING 🚨: Chinese Housing Market Chinese Home Prices declined by the largest amounts in history last month!! https://t.co/YHKnCrR8hT https://t.co/uF0vBHvVrz
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Test 🚨: X seems so slow lately. Do you see this post?
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U.S. Rising Debt levels could harm the Treasury Market warns Bridgewater Founder Ray Dalio https://t.co/2AY6kaxOng
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Sugar falls to lowest price since November 2022 https://t.co/8bnLQsC4yw
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JP Morgan Insider Trading Alert 🚨 Executive Marianne Lake sold 11,734 $JPM shares for a total value of $2.34 million https://t.co/kmOj5xYvpJ https://t.co/KxHY1SiMtX
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Bears this week 😂 https://t.co/zSffCCdQIT
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A look at hyperinflation in Zimbabwe - 100 Trillion Banknote 👀 https://t.co/dai9aJa6Xk
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Chinese Stocks with an imminent Golden Cross formation https://t.co/xERTcA9zXg
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Stanley Druckenmiller loaded up on Small Caps in the first quarter by buying 31,579 $IWM call options for a total stock notional value of approximately $664 million according to CNBC. (This appears to be assuming 100 Delta Calls but strike and expiry are unknown). https://t.co/jHaceaWXjz

Barchart Softs News

Cotton Posts Thursday Strength
The cotton market was back up on Thursday to post gains of 83 to 105 points at the close. The outside market factors are a mixed bag, with crude oil up another 71 cents and the US dollar index back 193 points higher. USDA’s Export Sales report showed a 38.32%... Read more

Chart of the Day

The Chart of the Day belongs to financial service company The Goldman Sachs Group (GS). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the...
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