Jim's focus on the coffee crop via his grapevine of agents at the source in three countries (He also shares a thought or two about soybeans, sugar and orange juice)
Cocoa had a huge run up in the first 4 months of the year and spread prices across the board are inflated. I expect to see continued contraction in the carry yield which will benefit “sell” calendar...
Cotton futures posted a 3 cent limit gain in the July contract on Wednesday, with other contracts up 68 to 220 points. ICE did expand limits to 4 cents for the Thursday session. The outside market factors...
July NY world sugar #11 (SBN24 ) on Wednesday closed down -0.33 (-1.78%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) closed down -2.90 (-0.53%). Sugar prices Wednesday were under moderate pressure...
July ICE NY cocoa (CCN24 ) on Wednesday closed up +142 (+1.92%), and July ICE London cocoa #7 (CAN24 ) closed up +132 (+2.16%). Cocoa prices rallied moderately for a second day. Prices are correcting...
July arabica coffee (KCN24 ) on Wednesday closed up +3.25 (+1.50%), and July ICE robusta coffee (RMN24 ) closed up +183 (+4.90%). Coffee prices on Wednesday extended Tuesday's rally to fresh 3-week highs....
Cotton are trading with limit gains in the July contract so far on Wednesday, with other contracts up 145 to 216 points. The outside market factors are again not supportive, with crude oil 38 cents lower...
July NY world sugar #11 (SBN24 ) today is down -0.30 (-1.62%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24 ) is down -2.10 (-0.39%). Sugar prices today are under moderate pressure from weakness...
July ICE NY cocoa (CCN24 ) today is +126 (+1.70%), and July ICE London cocoa #7 (CAN24 ) is up +116 (+1.90%). Cocoa prices today are moving moderately higher for a second day. Prices are correcting upward...
July arabica coffee (KCN24 ) today is up +2.05 (+0.94%), and July ICE robusta coffee (RMN24 ) is up +149 (+3.99%). Coffee prices today extended Tuesday's sharp rally and posted 3-week highs. Coffee prices...