Cattle feeders continue to inhale negative margins. Futures traders are gracious in now providing a negative basis, but not gracious enough to reduce the negative margins.
March NY world sugar #11 (SBH26 ) on Thursday closed down -0.05 (-0.33%), and March London ICE white sugar #5 (SWH26 ) closed down -1.00 (-0.23%). Sugar prices finished lower on Thursday, consolidating...
March ICE NY cocoa (CCH26 ) on Thursday closed down -18 (-0.33%), and March ICE London cocoa #7 (CAH26 ) closed down -49 (-1.22%). Cocoa prices settled lower on Thursday. A rebound in the dollar weighed...
March arabica coffee (KCH26 ) on Thursday closed up +8.05 (+2.16%), and January ICE robusta coffee (RMF26 ) closed down -13 (-0.30%). Coffee prices on Thursday settled mixed. Arabica coffee recovered...
March NY world sugar #11 (SBH26 ) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26 ) is down -0.40 (-0.09%). Sugar prices are slightly lower today as they consolidate this week's...
March ICE NY cocoa (CCH26 ) today is down -5 (-0.09%), and March ICE London cocoa #7 (CAH26 ) is down -49 (-1.22%). Cocoa prices are moving lower today. A rebound in the dollar is weighing on NY cocoa...
March arabica coffee (KCH26 ) today is up +5.60 (+1.50%), and January ICE robusta coffee (RMF26 ) is up +10 (+0.23%). Coffee prices recovered from early losses today and turned higher due to dry weather...
March soft red winter wheat futures present a selling opportunity on more price weakness.
Most of the talk early Thursday morning has to do with the US labor market following Wednesday's weak ADP number for November.
Despite early pressure, the agricultural and commodity markets remain fundamentally constrained, with corn supplies ample yet supported by strong demand, soybeans awaiting confirmed Chinese export business,...