Austin Schroeder on 11/18/2025

Cotton Holding Gains on Tuesday

Cotton futures are trading with 30 to 50 point gains across most contracts on Tuesday. Crude oil futures are back up cents per barrel to $60.32 on the day, with the US dollar index $0.057 higher to $99.545. Crop Progress data from NASS estimates the US cotton crop at 71%...Cotton yarn via Kelly Sikk

A Austin Schroeder
Rich Asplund on 11/18/2025

Sugar Prices Undercut by the Outlook for a Global Surplus

March NY world sugar #11 (SBH26 ) today is down -0.07 (-0.47%), and March London ICE white sugar #5 (SWH26 ) is up +2.10 (+0.50%). Sugar prices today are mixed. Prices have negative carryover from Monday when the International Sugar Organization (ISO) forecast a 1.625 million MT sugar surplus in...

R Rich Asplund
Rich Asplund on 11/18/2025

Cocoa Prices Rebound on Technical Short Covering

December ICE NY cocoa (CCZ25 ) today is up +10 (+0.19%), and December ICE London cocoa #7 (CAZ25 ) is up +35 (+0.87%). Cocoa prices recovered from early losses today and moved higher as signs of oversold conditions sparked some technical short covering by funds in cocoa futures. Cocoa prices...Coc

R Rich Asplund
Rich Asplund on 11/18/2025

Coffee Prices Surge as Substantial US Tariffs on Brazilian Coffee Remain

December arabica coffee (KCZ25 ) today is up +14.70 (+3.65%), and January ICE robusta coffee (RMF26 ) is up +115 (+2.57%). Coffee prices are sharply higher today, as Brazilian coffee remains subject to substantial US tariffs. The Trump administration announced last Friday that it dropped tariffs on

R Rich Asplund
Austin Schroeder on 11/18/2025

Cotton Mostly Higher to Kick Off Tuesday Trade

Cotton price action is slipping in the December contracts, with other contracts up 5 to 13 points on Tuesday morning. Futures posted mixed action on Monday, with contracts down 3 to 8 points higher. Crude oil futures were back down 37 cents per barrel to $59.72 on Monday, with the...Cotton bunches b

A Austin Schroeder
Austin Schroeder on 11/18/2025

Cotton Closes Mixed on Monday

Cotton futures posted mixed action on Monday, with contracts down 3 to 8 points higher. Crude oil futures were back down 37 cents per barrel to $59.72 on Monday, with the US dollar index $0.251 higher to $99.450. The Thursday online auction from The Seam showed 416 bales sold with...Closeup of cotto

A Austin Schroeder
Rich Asplund on 11/17/2025

Sugar Prices Fall on ISO's Forecast for a Sugar Surplus

March NY world sugar #11 (SBH26 ) on Monday closed down -0.16 (-1.07%), and March London ICE white sugar #5 (SWH26 ) closed down -7.70 (-1.81%). Sugar prices fell after the International Sugar Organization (ISO) on Monday forecast a 1.625 million MT surplus in 2025-26, following a 2.916 million MT..

R Rich Asplund
Rich Asplund on 11/17/2025

Cocoa Prices Undercut by US Tariff Cut

December ICE NY cocoa (CCZ25 ) on Monday closed down -23 (-0.44%), and December ICE London cocoa #7 (CAZ25 ) closed down -60 (-1.47%). Cocoa prices fell after the Trump administration announced last Friday that it dropped the 10% reciprocal tariffs on commodities not grown in the US, including cocoa

R Rich Asplund
Rich Asplund on 11/17/2025

Coffee Prices See Support as Substantial Tariffs Remain on Brazilian Coffee

December arabica coffee (KCZ25 ) on Monday closed up +2.75 (+0.69%), and January ICE robusta coffee (RMF26 ) closed up +260 (+6.16%). Coffee prices saw support on Monday after Brazilian coffee is apparently still subject to substantial US tariffs. The Trump administration announced last Friday that

R Rich Asplund
Rich Asplund on 11/17/2025

Sugar Prices Fall on ISO's Forecast for a Sugar Surplus

March NY world sugar #11 (SBH26 ) today is down -0.16 (-1.07%), and March London ICE white sugar #5 (SWH26 ) is down -7.70 (-1.81%). Sugar prices are lower after the International Sugar Organization (ISO) today forecast a 1.625 million MT surplus in 2025-26, following a 2.916 million MT deficit...Su

R Rich Asplund
Austin Schroeder on 11/17/2025

Cotton Trading Higher on Monday

Cotton futures are up 1 to 11 points on the Monday midday trade. Crude oil futures are down 2 cents per barrel to $60.07 on the day, with the US dollar index $0.221 higher to $99.420. The Thursday online auction from The Seam showed 416 bales sold with an average...Multicolored cotton fabric by Brun

A Austin Schroeder
Rich Asplund on 11/17/2025

Cocoa Prices Undercut by US Tariff Cut

December ICE NY cocoa (CCZ25 ) today is down -33 (-0.62%), and December ICE London cocoa #7 (CAZ25 ) is down -60 (-1.47%). Cocoa prices are seeing weakness after the Trump administration announced last Friday that it would drop 10% reciprocal tariffs on commodities not grown in the US, including...C

R Rich Asplund
Rich Asplund on 11/17/2025

Coffee Prices See Support as Substantial Tariffs Remain on Brazilian Coffee

December arabica coffee (KCZ25 ) today is down -0.05%, and January ICE robusta coffee (RMF26 ) is up +252 (+5.97%). Coffee prices are seeing support today after Brazilian coffee is apparently still subject to substantial US tariffs. The Trump administration announced last Friday that it would drop

R Rich Asplund
Austin Schroeder on 11/17/2025

Cotton Posting Monday AM Weakness

Cotton price action is down 17 to 24 points so far on Monday morning. Futures pushed to new lows on Friday, with contracts down 35 to 41 points at the close. December was 113 points in the red last week. Crude oil futures were back up $1.23 per barrel to...Cotton grass by Christiane via Pixabay

A Austin Schroeder
Darren Carlat on 11/16/2025

Cocoa’s Big Setup: Why This Year’s Index Rebalancing Could Fuel a Major Rally

Each January, the Bloomberg Commodity Index (BCOM) and S&P GSCI rebalance their portfolios, forcing large amounts of passive capital to buy or sell futures contracts to match new index weights. Most years, the impact is mild. But for smaller, less liquid markets, these flows can create powerful pric

D Darren Carlat
Austin Schroeder on 11/15/2025

Cotton Posts Friday Losses as USDA Hikes Yield

Cotton futures pushed to new lows on Friday, with contracts down 35 to 41 points at the close. December was 113 points in the red this week. Crude oil futures were back up $1.23 per barrel to $59.92 on the day, with the US dollar index $0.120 higher to $99.170....Cotton yarn via Kelly Sikkema via Un

A Austin Schroeder
Rich Asplund on 11/14/2025

Smaller Indian Sugar Exports Boost Sugar Prices

March NY world sugar #11 (SBH26 ) on Friday closed up +0.52 (+3.60%), and March London ICE white sugar #5 (SWH26 ) closed up +13.20 (+3.20%). Sugar prices rallied to 3-week highs on Friday amid tighter supplies from India. India's food ministry on Friday said that it will allow mills...Glass jar an

R Rich Asplund
Rich Asplund on 11/14/2025

Cocoa Prices Undercut by Possible US Tariff Cuts and Ample Global Supplies

December ICE NY cocoa (CCZ25 ) on Friday closed down -200 (-3.64%), and December ICE London cocoa #7 (CAZ25 ) closed down -37 (-0.90%). Cocoa prices extended this week's sell-off on Friday and posted 1.75-year lows on the nearest-futures chart. Expectations of possible tariff cuts are weighing on

R Rich Asplund
Rich Asplund on 11/14/2025

Coffee Prices Under Pressure on Possible US Tariff Reductions

December arabica coffee (KCZ25 ) on Friday closed down -1.90 (-0.47%), and January ICE robusta coffee (RMF26 ) closed down -120 (-2.76%). Coffee prices fell for a third day on Friday, hitting 2-week lows amid the potential for US tariff cuts. On Wednesday, Treasury Secretary Bessent said that there

R Rich Asplund
Austin Schroeder on 11/14/2025

Cotton Falling as USDA Raises Production

Cotton futures are posting Friday losses of 35 to 60 points so far on Friday. Crude oil futures are back up $1.54 per barrel to $60.23 on the day, with the US dollar index $0.210 higher to $99.260. USDA raised yield on the US cotton this morning, up 58 lbs/acre,...Cotton Fabric with texture by Kwang

A Austin Schroeder