Softs Futures Prices
- Paragon Investments' Futures File: Cotton & Pound Higher
Our weekly column looks at the ongoing rally in cotton and the British pound.
- Cotton Higher 4th Day In A Row
Chart looks great
- Mooses in the Markets - Cocoa Futures, Demand Outlook and Brexit Deal
Cocoa has been a macro trade of late. The December contract is range bound in this recent consolidation.
- Daily Grain & Cotton Commentary
Corn, Soybeans, Wheat, and Cotton!
- Cocoa (CC) Daily MACD Trying to Positively Cross
Cocoa (CC) edged lower yesterday continuing a 4th straight weekly Doji after CC's massive September bounce. Significantly, CC is getting closer to...
- Livestock Report
Hogs and Feeders fall cattle ekes out a small gain
Futures Market News and Commentary
Dec cotton futures gained 2.02% for a 129 point increases wk/wk, futures closed Friday up 18 to 53 points in nearbys. The CFTC reported this afternoon that cotton saw another reduction in managed money’s net short position, which as of Tuesday was 11,377 contracts. Cotton weekly export sales are up 9.33% compared to last week and were the highest since February, at 206,468 running bales. The cumulative sales for the market year are now at 9.135 million RB, only 0.22% below last year’s pace. The Cotlook A Index bounced up another 100 points on Oct to 75.00 cents/lb. The updated Adjusted World Price of cotton is now 55.26, up 1.36 from last Thursday’s AWP. Ted McKinney announced from Hanoi today via teleconference with reporters that at least $5 million in ag sales have been made, with official totals coming out Monday. Vietnam imports 54% of their approximate 7.3 Million bales in annual needs from the United States, totaling over $1 billion. DEC 19 Cotton closed at 65.17, up 18 poi... Read more
Mar NY world sugar #11 (SBH20) on Friday closed up +0.08 (+0.65%), and Dec ICE London white sugar #5 (SWZ19) closed down -3.10 (-0.91%). Sugar prices settled mixed Friday with Dec London sugar at a 3-week low on concern about larger global supplies. Rabobank on Thursday said that it expects "significant" sugar exports from India in 2021 as ample rains boost India's 2020/21 sugar crop. Mar NY sugar rebounded from a 3-week low Friday and settled higher after the Brazilian real jumped by +1.10% against the dollar, which discourages export selling by Brazil's sugar producers and sparked short-covering in sugar futures. Last Wednesday's sugarcane crushing data from Brazil's Center-South, the country's biggest sugar-producing region, was supportive for sugar prices after Unica reported that 35.1 MMT of total sugarcane was crushed in the second half of Sep, below expectations of 36.2 MMT. Also, Unica reported that total 2019/20 Brazil Center-South sugar output through Sep fell -2.4% y/y to 21... Read more
Dec arabica coffee (KCZ19) on Friday closed up +2.80 (+3.01%), and Jan ICE robusta coffee (DFF0) closed up +24 (+1.96%). Coffee prices rallied Friday with Dec arabica at a 1-week high as strength in the Brazilian real against the dollar fueled short-covering in coffee futures. The real rose +1.13% against the dollar Friday, which discourages export selling from Brazil's coffee producers. Coffee prices have been moving sideways this week as they consolidate above recent lows. Dec arabica is consolidating above last Friday's 1-1/2 month nearest-futures low and Jan robusta coffee is consolidating above Wednesday's 11-year nearest futures low. Coffee prices have been undercut this week by data showing abundant coffee supplies. The U.S. Green Coffee Association reported Tuesday that U.S. green coffee inventories surged +14% y/y to a 2-year high of 7.352 million bags. Coffee prices have also been undercut by outlook for a bumper Brazil coffee crop. A coffee analyst at RR Consultoria Rural in... Read more
Dec ICE NY cocoa (CCZ19) on Friday closed down -2 (-0.08%), and Dec ICE London cocoa #7 (CAZ19) closed down -12 (-0.63%). Cocoa prices closed lower Friday amid mixed cocoa demand data. The National Confectioners Association reported Friday that Q3 North American cocoa processing fell -7.4% y/y to 119,004 MT, weaker than expectations of -1.0% y/y. However, the Cocoa Association of Asia reported Friday that Q3 Asia cocoa processing jumped +14.7% y/y to a record 225,356 MT, stronger than expectations of +6.9% y/y. On Wednesday the European Cocoa Association reported European Q1 cocoa processing fell -0.1% y/y to 362,940 MT, weaker than expectations of unchanged. A negative for cocoa prices was Monday's data from the Ivory Coast, the world's largest cocoa producer, that showed Ivory Coast farmers sent 97,457 MT of cocoa to ports during Oct 7-13, up 32% from the year-earlier period. Total arrivals for the season that began Oct 1 are 132,197 MT, up +28% from the year-earlier period. The Ivor... Read more