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Food Beverage News and Commentary

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Tue, May 14th, 2024
Global Wheat Stocks Dwindle for Fifth Straight Year, Intensifying Export Competition

Global wheat stocks are projected to decline for the fifth consecutive year, reaching their lowest levels since 2015/16, as major exporting countries grapple with smaller harvests and robust demand, according...

Pure Hedge - Livestock and Grain

Lots in the Markets Today

Grain Spreads: Short Covering Examined

Funds liquidate at Aggressive Pace

Hogs Make New Low

Hogs fail to hold early rally and breaks down to new low for down move

Shootin' the Bull about a great start, poor finish

A near $4.00 range was created in a few contract months of the feeder cattle.  Computer traders were either anxious to get the week started, or maybe a few humans were, but whom ever wanted futures higher. ...

Sugar Prices Fall Sharply on Easing Supply Concerns

July NY world sugar #11 (SBN24 ) on Monday closed down -0.67 (-3.47%), and Aug London ICE white sugar #5 (SWQ24 ) closed down -19.30 (-3.39%). Sugar prices Monday sold off sharply, with NY sugar falling...

SBN24 : 18.45 (-0.97%)
SWQ24 : 545.70 (-0.78%)
Cocoa Prices Finish Sharply Lower on Rain Forecasts for West Africa

July ICE NY cocoa (CCN24 ) on Monday closed down -1,725 (-19.40%), and July ICE London cocoa #7 (CAN24 ) closed down -1,565 (-20.69%). Cocoa prices on Monday plunged to 1-week lows and settled sharply...

CCN24 : 7,461 (+4.12%)
CAZ24 : 5,323 (+3.76%)
Coffee Prices Fall as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) on Monday closed down -5.10 (-2.54%), and July ICE robusta coffee (RMN24 ) closed down -41 (-1.19%). Coffee prices on Monday retreated due to a recovery in ICE coffee inventories....

KCN24 : 194.55 (-0.77%)
RMN24 : 3,377 (-0.65%)
Sugar Prices Slump as Global Sugar Supply Concerns Ease

July NY world sugar #11 (SBN24 ) this morning is down -0.56 (-2.90%), and Aug London ICE white sugar #5 (SWQ24 ) is down -16.50 (-2.90%). Sugar prices this morning are sharply lower, with NY sugar falling...

SBN24 : 18.45 (-0.97%)
SWQ24 : 545.70 (-0.78%)
Are Wall Street Analysts Bullish on Mondelez International Stock?

While Mondelez International underperformed the broader market this year, Wall Street analysts still see a modest upside in the stock.

MDLZ : 71.76 (+0.79%)
$SPX : 5,221.42 (-0.02%)
XLP : 77.40 (-0.28%)

Tweets @Barchart

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Hold Stocks where upside is more likely than downside. Goldman Sachs once again proving why they make the big bucks! Simply tremendous stuff here 🙏🫡 https://t.co/GZzQ2fSeAe
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We've just witnessed something for the first time in our lives! The largest outperformance of corporate vs. government bonds in the last 100 years 👀 https://t.co/GZ4YQOBF3B
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Japan's 20-Year Government Bond Yield just hit its highest level in more than a decade 🚨 https://t.co/jBLHqLPGDz
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S&P 500 $SPY volume today was the lowest since November 11, 2021 (excluding holiday shortened trading days) https://t.co/OKH6Ed2kv8
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Copper jumps to highest price since April 2022 👀 https://t.co/2uGO55Gknj
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Global Stocks rose to a record high on Friday 🚨 https://t.co/wyYRgEvezB
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Apple $AAPL picking up some steam here and finishes with its highest closing price since February https://t.co/UijiOnbHcN
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Just 2.03% of U.S. companies are responsible for half of the wealth creation from 1929-2019 👀 https://t.co/K2R9MTdMCl
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AMC Entertainment $AMC continued to soar in after hours trading and has now more than doubled in value from Friday's closing price https://t.co/M1xdHc1j0j
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The next 500 points for the S&P 500 $SPX will be down warns Stifel https://t.co/XHibNSAiuw

Chart of the Day

Oscar Health Inc Cl A (OSCR)

The Chart of the Day belongs to health insurance company Oscar Health (OSCR) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart...
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