There’s a lot of El Niño chatter out there… and there is something to it… but don’t hold your breath!
May NY world sugar #11 (SBK26 ) on Thursday closed up +0.15 (+1.11%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +6.00 (+1.46%). Sugar prices settled higher on Thursday as a +3% rally in crude...
May ICE NY cocoa (CCK26 ) on Thursday closed down -110 (-3.16%), and May ICE London cocoa #7 (CAK26 ) closed down -60 (-2.35%). Cocoa prices fell sharply on Thursday amid concerns about global demand....
May arabica coffee (KCK26 ) on Thursday closed down -7.80 (-2.56%), and May ICE robusta coffee (RMK26 ) closed down -54 (-1.53%). Coffee prices fell sharply on Thursday amid pressure from a stronger dollar....
Cotton futures are continuing the rally on Thursday, with contracts up 70 to 85 points so far. The US dollar index is $0.209 higher at $98.060. Crude oil is up $3.09 so far on the day. USDA Export Sales...
May NY world sugar #11 (SBK26 ) today is up +0.15 (+1.11%), and Aug London ICE white sugar #5 (SWQ26 ) is up +6.20 (+1.50%). Sugar prices are moving higher today as a +2% rally in crude oil price (CLK26...
May ICE NY cocoa (CCK26 ) today is down -116 (-3.34%), and May ICE London cocoa #7 (CAK26 ) is down -62 (-2.43%). Cocoa prices are sliding today amid concerns about global demand. The European Cocoa Association...
May arabica coffee (KCK26 ) today is down -7.30 (-2.40%), and May ICE robusta coffee (RMK26 ) is down -38 (-1.08%). Coffee prices are under pressure today from a stronger dollar. The dollar index ($DXY...
July sugar futures present a swing-trade buying opportunity on more price strength.
Cotton prices are up another 50 to 60 points early on Thursday morning. Futures were in rally mode, with contracts up 77 to 137 points at the close on Wednesday. The US dollar index was $0.033 lower at...