Jim Roemer reviews the global crop implications of this once-every-20-years (usually) phenomenon
The cotton market went into the extended weekend with 48 to 138 point losses. December was down the most on the day, but stayed within Thursday’s range. CFTC reported managed money funds were 5,974...
July arabica coffee (KCN22 ) on Friday closed up +2.85 (+1.26%), and July ICE Robusta coffee (RMN22 ) closed down -10 (-0.47%). Coffee prices Friday settled mixed, with arabica posting a 1-1/2 month high....
July NY world sugar #11 (SBN22 ) on Friday closed up by +7 (+0.36%), and Aug London white sugar #5 (SWQ22 ) closed up by +2.40 (+0.42%). Sugar prices Friday posted moderate gains, with London sugar climbing...
July ICE NY cocoa (CCN22 ) on Friday closed down -2 (-0.08%), and July ICE London cocoa #7 (CAN22 ) closed down -3 (-0.17%). Cocoa prices Friday closed slightly lower as they consolidated this week's losses....
Nearby cotton futures are 30 to 115 points in the red led by weakness in the December contract. Weekly FAS data showed 37,009 RBs of old crop cotton was sold for export. That was down from 110k RBs sold...
July arabica coffee (KCN22 ) this morning is up +1.35 (+0.60%), and July ICE Robusta coffee (RMN22 ) is down -4 (-0.19%). Coffee prices this morning are mixed with arabica at a new 1-week high. Arabica...
So far the cotton market is working on another triple digit loss day for the new crop contracts. July futures are up by 18 points, but are off their overnight highs. July cotton fell over 3% on Thursday...
Arabica Coffee ((KCN22) ) surged a massive 4% plus yesterday, closing at downchannel resistance (on the daily chart). Significantly, KC has reclaimed the weekly chart’s upchannel support and the psychologically...
July cotton fell over 3% on Thursday with a 455 point loss and closed just 25 points off the low. New crop cotton started Thursday weak as well, but followed the other row crops higher. The new crop contracts...
