An attractive commodity spread does not automatically belong in the portfolio. This article explains how to evaluate a qualified trade within the context of existing positions, related exposure, diversification, and available capacity.Grain storage by Larina Marina via Shutterstock
Cotton futures saw strength on Friday, with contracts closing steady to 112 higher across the board. December was still down 383 points on the week, despite the Friday gains. Crude oil was back down $1.61 per barrel on the session, with the US dollar index back down $0.203. The weekly...Cotton field
March NY world sugar #11 (SBH27 ) closed up +0.99 (+5.23%) on Friday, and December London ICE white sugar #5 (SWZ26 ) closed up +24.20 (+4.77%). Sugar prices soared on Friday, with NY sugar posting a 1.5-year nearest-futures high and London sugar posting a 2.5-week high. Weather risks prompted fund
December ICE NY cocoa (CCZ26 ) closed up +289 (+5.37%) on Friday, and December ICE London cocoa #7 (CAZ26 ) closed up +207 (+5.13%). Cocoa prices rallied sharply on Friday and posted 2-week highs on positive carryover from Thursday, when Ghana raised the price paid to cocoa farmers for the...Cacao b
December arabica coffee (KCZ26 ) closed up +0.50 (+0.21%) on Friday, and November ICE robusta coffee (RMX26 ) closed up +21 (+0.61%). Coffee prices moved higher on Friday, with robusta posting a 5-week high as a weaker dollar has spurred some short covering in coffee futures. Excessively short posit
Cotton futures are bouncing on Friday’s midday, with most contracts up 40 to 65 points. Crude oil was back down $1.419 per barrel on the session, with the US dollar index back down $0.203. USDA’s Export Sales report shows all cotton export commitments at 4.937 million RB, which is 17%...Cotton gras
March NY world sugar #11 (SBH27 ) is up +0.85 (+4.49%) today, and December London ICE white sugar #5 (SWZ26 ) is up +21.20 (+4.18%). Sugar prices are surging today, with NY sugar posting a 1.5-year nearest-futures high and London sugar posting a 2-week high. Weather risks are prompting fund...Harve
December ICE NY cocoa (CCZ26 ) is up +297 (+5.52%) today, and December ICE London cocoa #7 (CAZ26 ) is up +222 (+5.51%). Cocoa prices are sharply higher today and posted 2-week highs on positive carryover from Thursday, when Ghana raised the price paid to cocoa farmers for the 2026/27...Bar of choco
December arabica coffee (KCZ26 ) is up +1.25 (+0.43%) today, and November ICE robusta coffee (RMX26 ) is up +47 (+1.36%). Coffee prices are climbing today, with robusta posting a 5-week high as a weaker dollar has spurred some short covering in coffee futures. On Wednesday, arabica coffee rallied to
Cotton price action is down 50 to 60 points so far on Friday morning. Futures posted Thursday losses of 29 to 79 points. Crude oil was back up $2.49 per barrel on the session, with the US dollar index shooting $0.609 higher. USDA’s Export Sales report showed 202,567 RB of...Cotton yarn via Kelly Si
Cotton futures posted Thursday losses of 29 to 79 points. Crude oil was back up $2.49 per barrel on the session, with the US dollar index shooting $0.609 higher. USDA’s Export Sales report showed 202,567 RB of cotton sales in the week ending in September 24, which was down 12.18%...Cotton field wit
Fats and Oils - 2026-10-01
March NY world sugar #11 (SBH27 ) closed up +0.33 (+1.77%) on Thursday, and December London ICE white sugar #5 (SWZ26 ) closed up +1.00 (+0.20%). Sugar prices settled higher on Thursday amid signs that demand for sugar is better than initially projected. Covrig Analytics estimates 1.45 MMT of sugar
December ICE NY cocoa (CCZ26 ) closed up +14 (+0.26%) on Thursday, and December ICE London cocoa #7 (CAZ26 ) closed up +15 (+0.37%). Cocoa prices recovered from early losses on Thursday and settled higher, with NY cocoa rebounding from a 2-month low. Short covering emerged in cocoa futures on...Coc
December arabica coffee (KCZ26 ) closed down -2.45 (-0.84%) on Thursday, and November ICE robusta coffee (RMX26 ) closed up +3 (+0.09%). Coffee prices settled mixed on Thursday, pressured by a stronger dollar. The dollar index ($DXY ) rallied to a 1.5-year high on Thursday, prompting long liquidati
Cotton futures are trading with contracts 34 to 123 points lower across most contracts on Thursday. Crude oil is back up $166 per barrel on the session, with the US dollar index shooting $0.714 higher. USDA’s Export Sales report showed 202,567 RB of cotton sales in the week ending in...Cotton yarn
March NY world sugar #11 (SBH27 ) is up +0.31 (+1.67%) today, and December London ICE white sugar #5 (SWZ26 ) is up +2.20 (+0.43%). Sugar prices are moving higher today on signs that demand for sugar is better than initially projected. Covrig Analytics estimates 1.45 MMT of sugar will...Sieve of con
December ICE NY cocoa (CCZ26 ) is up +24 (+0.45%) today, and December ICE London cocoa #7 (CAZ26 ) is up +15 (+0.37%). Cocoa prices recovered from early losses today, with NY cocoa rebounding from a 2-month low. Short covering emerged in cocoa futures today amid concern that Ghana's move...Many piec
December arabica coffee (KCZ26 ) is down -3.25 (-1.12%) today, and November ICE robusta coffee (RMX26 ) is down -23 (-0.67%). Coffee prices are retreating today as a rally in the dollar index ($DXY ) to a 1.5-year high has prompted long liquidation in coffee futures. On Wednesday, arabica coffee...
Cotton is starting Thursday with AM losses of 6 to 10 points. Futures closed the Wednesday session with contracts 16 to 43 pints lower across the board. Crude oil is back up $2.06 per barrel on the session, with the US dollar index $0.074 higher. The Cotlook A index was...Cotton Fabric with texture
