Jim's take on the key weather fundamentals for grains
In my opinion, the function of maintaining a historical high for cattle, when found to be no variations in beef production year over year, leads me to lean towards the trading being more of an attempt...
October NY world sugar #11 (SBV24) Friday closed down -0.24 (-1.29%), and Oct London ICE white sugar #5 (SWV24) closed down -4.70 (-0.88%). NY sugar prices Friday traded lower and fell back towards Wednesday's...
September ICE NY cocoa (CCU24) Friday closed up +233 (+2.99%), and September ICE London cocoa #7 (CAU24 ) closed up +120 (+1.88%). Cocoa prices Friday traded sharply higher as volatility continued in summer...
September arabica coffee (KCU24 ) Friday closed down -4.45 (-1.90%), and Sep ICE robusta coffee (RMU24 ) closed down -93 (-2.12%). Coffee prices on Friday fell sharply. Sep arabica coffee remained above...
This morning, I appeared on AgWeb's Markets Now with Michelle Rook. Our conversation covered soybean, corn, and wheat markets, as well as the impact of interest rates and gold prices.
October NY world sugar #11 (SBV24 ) today is down -0.18 (-0.96), and Oct London ICE white sugar #5 (SWV24 ) is down -4.70 (-0.88%). NY sugar prices today are trading lower and are falling back towards...
September ICE NY cocoa (CCU24 ) is up +231 (+2.96%), and September ICE London cocoa #7 (CAU24 ) is up +120 (+1.88%). Cocoa prices today are trading sharply higher as volatility continues in summer trading....
September arabica coffee (KCU24 ) today is down -4.45 (-1.90%), and Sep ICE robusta coffee (RMU24 ) is down -89 (-2.03%). Coffee prices are trading lower. Sep arabica coffee so far remains above Thursday's...
The cash trading this week has seemingly caused futures to run towards it, converging basis. Without expectations of higher cash, I would not expect today's gains to hold. The push to new highs in August...