Jim explains how the MJO may be the factor behind the price movements in sugar and coffee
The cotton market saw July settled down the 3 cent limit, as other contracts were down 11 to 148 points on the day. Limits are expanded to 4 cents for the Wednesday session Crude oil was down $0.72 and...
July NY world sugar #11 (SBN24 ) on Tuesday closed up +0.24 (+1.29%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +3.00 (+0.55%). Sugar prices Tuesday recovered from early losses and settled moderately...
July ICE NY cocoa (CCN24 ) on Tuesday closed up +156 (+2.18%), and July ICE London cocoa #7 (CAN24 ) closed up +149 (+2.48%). Cocoa prices posted moderate gains on Tuesday as they recovered some of Monday's...
July arabica coffee (KCN24 ) on Tuesday closed up +4.80 (+2.45%), and July ICE robusta coffee (RMN24 ) closed up +34 (+1.00%). Coffee prices Tuesday recovered from early losses and finished moderately...
The cotton market posting 63 to 131 point losses across most contracts on Tuesday, as July is down the 3 cent limit. Crude oil is down $1.13 and adding to the pressure. Crop Progress data from Monday afternoon...
July NY world sugar #11 (SBN24 ) this morning is up +0.24 (+1.29%), and Aug London ICE white sugar #5 (SWQ24 ) is up +3.30 (+0.60%). Sugar prices this morning recovered from early losses and are moderately...
July ICE NY cocoa (CCN24 ) this morning is up +187 (+2.61%), and July ICE London cocoa #7 (CAN24 ) is up +224 (+3.73%). Cocoa prices this morning are moderately higher, recovering some of Monday's plunge....
July arabica coffee (KCN24 ) this morning is up +2.40 (+1.22%), and July ICE robusta coffee (RMN24 ) is up +15 (+0.44%). Coffee prices are moderately higher as today's fall in the dollar index (DXY00 )...
The cotton market is following up overnight trade, with 51 to 136 point losses on Tuesday morning. They posted Monday gains of 8 to 50 points. The outside market factors were helpful, with gains of 94...