Cesar Marconetti on 12/03/2024

European Commodities: A Bearish Sign for Coffee Prices

Weakness in Brazil's currency is helping to give shorts the edge in the coffee market, while cocoa looks vulnerable to sharp reversals.Cup of coffee with coffee beans in burlap sack on coffee tree background by Amenic181 via Shutterstock

C Cesar Marconetti
Austin Schroeder on 12/03/2024

Cotton Showing Slight Losses on Tuesday Morning

Cotton prices are trading with slight losses on Tuesday morning. Futures closed out the Monday session with contracts down 31 to 46 points and Dec down 92 points. The outside markets were mixed factors, with the US dollar index up 567 points and crude oil up 15 cents. USDA’s monthly...Cotton Fabric

A Austin Schroeder
Austin Schroeder on 12/03/2024

Cotton Slips Lower on Monday

Cotton futures closed out the Monday session with contracts down 31 to 46 points and Dec down 92 points. The outside markets were mixed factors, with the US dollar index up 567 points and crude oil up 15 cents. USDA’s monthly Cotton Systems report showed 180 RB of domestic cotton...Cotton field by W

A Austin Schroeder
Rich Asplund on 12/03/2024

NY Cocoa Settles Lower as Ivory Coast Cocoa Production Increases

March ICE NY cocoa (CCH25 ) Monday closed down -23 (-0.24%), and March ICE London cocoa #7 (CAH25 ) closed up +30 (+0.39%). Cocoa prices Monday settled mixed, with Mar London cocoa posting a contract high and Dec London cocoa posting a 4-1/2 month nearest-futures high. Mar NY cocoa fell...Hands wit

R Rich Asplund
Rich Asplund on 12/03/2024

Brazilian Real Weakness Pressures Sugar Prices

March NY world sugar #11 (SBH25 ) Monday closed down -0.01 (-0.05%), and March London ICE white sugar #5 (SWH25 ) was unchanged. Sugar prices Monday extended their 2-week slide, with NY sugar posting a 2-1/2 month low and London sugar posting a 3-week low. Weakness in the Brazilian real...Many suga

R Rich Asplund
Rich Asplund on 12/03/2024

Coffee Prices Plummet on Long Liquidation Pressures

March arabica coffee (KCH25 ) Monday closed down -22.00 (-6.92%), and January ICE robusta coffee (RMF25 ) closed down -575 (-10.63%). Coffee prices plummeted Monday to 1-week lows. Long liquidation pressures weighed on coffee prices Monday after J. Ganes Consulting said that keeping a large amount

R Rich Asplund
Austin Schroeder on 12/03/2024

Cotton Off Lows at Midday

Cotton futures are pulling off the early Monday lows, with midday losses limited to 45 to 49 points. The outside markets are pressure factors, with crude oil back to unchanged at midday and flirting with losses and the US dollar index up 667 points. The Seam reported 1,566 bales of...Multicolored co

A Austin Schroeder
Rich Asplund on 12/03/2024

Sugar Prices Undercut by Weakness in the Brazilian Real

March NY world sugar #11 (SBH25 ) today is down -0.09 (-0.43%), and March London ICE white sugar #5 (SWH25 ) is down -0.90 (-0.16%). Sugar prices today extended their 2-week long slide, with NY sugar posting a 2-1/2 month low and London sugar posting a 3-week low. Weakness in...Packets of white and

R Rich Asplund
Rich Asplund on 12/03/2024

NY Cocoa Slips on Increased Cocoa Output in Ivory Coast

March ICE NY cocoa (CCH25 ) today is down -65 (-0.69%), and March ICE London cocoa #7 (CAH25 ) is up +12 (+0.16%). Cocoa prices today are mixed, with Mar London cocoa posting a contract high and Dec London cocoa posting a 4-1/2 month nearest-futures high. Mar NY cocoa fell...Cocoa by Public Domain

R Rich Asplund
Andrew Hecht on 12/03/2024

Commodity Market Roundup- November’s Top Performers and Underperformers

Soft commodities, natural gas, and cryptocurrencies posted impressive gains in November, while metals and most energy commodities were lower. Markets reflect the economic and political landscapes, dramatically changing after the November 5 U.S. election.Coffee grounds in espresso machine by Eliasfal

A Andrew Hecht
Rich Asplund on 12/03/2024

Soaring Margins Spark Long Liquidation in Coffee Futures

March arabica coffee (KCH25 ) today is down -22.40 (-7.04%), and January ICE robusta coffee (RMF25 ) is down -494 (-9.13%). Coffee prices today have sold off sharply to 1-week lows. Long liquidation pressures weighed on coffee prices today after J. Ganes Consulting said that keeping a large amount

R Rich Asplund
Austin Schroeder on 12/03/2024

Cotton Falling Out of the Weekend

Cotton prices are trading with Monday AM losses of 69 to 126 points across the nearbys. Futures posted Friday gains of 10 to 22 points following an uptick in export business. March was up 116 points since last Friday and just 10 points since the end of October. The outside...Green cotton boll via sh

A Austin Schroeder
Darin Newsom on 12/03/2024

Will the Winter Season Change Markets?

The turn of the calendar page to December marks the beginning of meteorological winter, bringing with it seasonal changes to some markets.Warning Sign - Snow Storm - Slippery Road by peterschreiber_media via Shutterstock

D Darin Newsom
Darren Carlat on 12/03/2024

Arabica Coffee calendar spread and a VIX calendar spread

Coffee has climbed nearly 40% in November and has cleanly broken through the top of the upward channel. The candle on Friday looks bearish and indicates that the advance is either over or at least will consolidate over the next few weeks.Coffee beans in canvas sack by Bragin Alexey via Shutterstock

D Darren Carlat
Austin Schroeder on 12/03/2024

Cotton Pushes Higher Following Export Sales Release

Cotton futures posted Friday gains of 10 to 22 points following an uptick in export business. March was up 116 points since last Friday and just 10 points since the end of October. The outside markets are mixed factors, with crude oil back down 94 cents/barrel and the US dollar...Cotton on dry branc

A Austin Schroeder
Rich Asplund on 12/03/2024

Sugar Prices Finish Lower as the Brazilian Real Falls to a Record Low

March NY world sugar #11 (SBH25 ) Friday closed down -0.61 (-2.81%), and March London ICE white sugar #5 (SWH25 ) closed down -8.40 (-1.51%). Sugar prices Friday settled moderately lower, with NY sugar posting a 2-week low. Friday's selloff in the Brazilian real (^USDBRL ) to a record low...Glass j

R Rich Asplund
Rich Asplund on 12/03/2024

Cocoa Rallies as ICO Hikes its Global Cocoa Deficit

March ICE NY cocoa (CCH25 ) Friday closed up +357 (+3.94%), and March ICE London cocoa #7 (CAH25 ) closed up +96 (+1.26%). Cocoa prices rallied Friday, with Mar NY and London cocoa posting contract highs and Dec London cocoa posting a 4-1/2 month nearest-futures high. On Friday, the International..

R Rich Asplund