Most traders focus on choosing the right market and seasonal pattern, but another important decision often receives far less attention: spread structure. In Part 4 of the Building Better Commodity Spreads series, we examine why two-leg and three-leg spreads can produce very different historical resu
Cotton futures saw gains of 120 to 130 points on Friday with December up 261 points on the week. Crude oil was up 21 cents per barrel, with the US dollar index $0.308 lower. Friday afternoon’s Commitment of Traders report showed managed money spec funds in cotton futures and options...Cotton field w
October NY world sugar #11 (SBV26 ) closed up +0.88 (+5.65%) on Friday, and October London ICE white sugar #5 (SWV26 ) closed up +16.50 (+3.39%). Sugar prices extended this week’s sharp rally on Friday, with NY sugar posting a 10-month nearest-futures high and London sugar posting an 11-month high..
September ICE NY cocoa (CCU26 ) closed up +6 (+0.10%) on Friday, and September ICE London cocoa #7 (CAU26 ) closed up +4 (+0.09%). Cocoa prices recovered from early losses on Friday and posted modest gains as the decline in the dollar index ($DXY ) to a 7-week low prompted...Bar of chocolate by Kara
September arabica coffee (KCU26 ) closed up +13.90 (+4.32%) on Friday, and September ICE robusta coffee (RMU26 ) closed down -11 (-0.29%). Coffee prices settled mixed on Friday, with arabica up sharply at a 1-week high. Friday’s decline in the dollar index ($DXY ) to a 7-week low is bullish...Cup o
Cotton futures are trading with gains of 86 to 99 points at Friday’s midday. Crude oil is up $1.21 per barrel, with the US dollar index $0.388 lower. Export Sales data updated on Thursday showed old crop cotton commitments at 11.976 million RB as we rounded out the marketing year....Cotton field rea
October NY world sugar #11 (SBV26 ) is up +0.82 (+5.27%) on Thursday, and October London ICE white sugar #5 (SWV26 ) is up +15.50 (+3.18%). Sugar prices extended this week’s sharp rally today, with NY sugar posting a 10-month nearest-futures high and London sugar posting an 11-month high. Concerns.
September ICE NY cocoa (CCU26 ) is down -10 (-0.17%) today, and September ICE London cocoa #7 (CAU26 ) is down -7 (-0.16%). Cocoa prices are slightly lower today as they remain under pressure amid signs of larger cocoa supplies from Ghana. Ghana’s cocoa board reported on Wednesday that 750,000...Ca
September arabica coffee (KCU26 ) is up +18.70 (+5.81%) today, and September ICE robusta coffee (RMU26 ) is up +26 (+0.68%). Coffee prices are climbing today, with Arabica up sharply at a 1-week high. Today’s decline in the dollar index ($DXY ) to a 7-week low is bullish for coffee...Cup of coffe w
October sugar futures are trending up and have just hit a 2.5-month high. If price strength continues, this may present a buying opportunity.Many sugar cubes in pile by Pasja1000 via Pixabay
Cotton price action is down 40 to 58 points so far on Friday morning. Futures closed the Thursday session with contracts 12 to 24 points higher across the board. Crude oil was back up $3.01 per barrel, with the US dollar index $0.269 higher. Export Sales data showed net cancellation...Cotton field b
Cotton futures closed the Thursday session with contracts 12 to 24 points higher across the board. Crude oil was back up $3.01 per barrel, with the US dollar index $0.269 higher. Export Sales data showed net cancellation of 55,855 RB of 2025/26 cotton in the week of July 30 (marketing...Rolls of cot
October NY world sugar #11 (SBV26 ) closed up +0.42 (+2.77%) on Thursday, and October London ICE white sugar #5 (SWV26 ) closed up +10.00 (+2.10%). Sugar prices rallied sharply on Thursday, with NY sugar posting a 4.25-month nearest-futures high and London sugar posting a 1-month high. Lower sugar
September ICE NY cocoa (CCU26 ) closed down -106 (-1.80%) on Thursday, and September ICE London cocoa #7 (CAU26 ) closed down -100 (-2.30%). Cocoa prices fell sharply for a second day on Thursday amid signs of larger cocoa supplies from Ghana. Ghana’s cocoa board reported on Wednesday that 750,000..
September arabica coffee (KCU26 ) closed down -5.25 (-1.61%) on Thursday, and September ICE robusta coffee (RMU26 ) closed down -93 (-2.39%). Coffee prices retreated on Thursday on forecasts for dry weather in Brazil’s coffee-growing regions into next week, which should allow the coffee beans to dry
Cotton futures are holding near unchanged on Thursday, with contracts down 5 to 5 points higher in the nearby months. Crude oil is back up $2.81 per barrel, with the US dollar index $0.304 higher. Export Sales data showed net cancellation of 55,855 RB of 2025/26 cotton in the week...Harvesting cotto
October NY world sugar #11 (SBV26 ) today is up +0.40 (+2.64%), and October London ICE white sugar #5 (SWV26 ) is up +9.40 (+1.97%). Sugar prices are sharply higher today, with NY sugar posting a 4.25-month nearest-futures high and London sugar posting a 1-month high. Lower sugar output in...Harves
September ICE NY cocoa (CCU26 ) today is down -133 (-2.26%), and September ICE London cocoa #7 (CAU26 ) is down -97 (-2.23%). Cocoa prices are sliding today for a second day on signs of larger cocoa supplies from Ghana. Ghana’s cocoa board reported on Wednesday that 750,000 MT of...Cocoa by Public D
September arabica coffee (KCU26 ) today is down -3.15 (-0.96%), and September ICE robusta coffee (RMU26 ) is down -59 (-1.52%). Coffee prices are under pressure today on forecasts for dry weather in Brazil’s coffee-growing regions into next week, which should allow the coffee beans to dry and allow
Cotton prices are trading with Thursday morning losses of 3 to 6 points. Futures were back up 48 to 71 points across the board at the Wednesday close. Crude oil was down 69 cents per barrel, with the US dollar index down $0.189. The NOAA 7-day QPF shows dryness continuing...Cotton via Amber Martin v
