Austin Schroeder on 09/16/2024

Cotton Rallying the Limit on Monday

Cotton futures are posting limit gains of 300 points across the front months on Monday. The dollar index is down 485 points so far, with crude oil futures up just $1.11/barrel. The large managed money speculators were adding 6,827 contracts to their net short position as of 9/10 to 49,492...Closeup

A Austin Schroeder
Rich Asplund on 09/16/2024

NY Sugar Follows Crude Oil and the Brazilian Real Higher

October NY world sugar #11 (SBV24 ) today is up +0.05 (+0.26%), and December London ICE white sugar #5 (SWZ24 ) is down -6.30 (-1.19%). Sugar prices today are mixed, with NY sugar posting a 1-week high. Sugar prices found support today from a rally in crude oil prices (CLV24...Sugar - Pour sugar fr

R Rich Asplund
Rich Asplund on 09/16/2024

Cocoa Prices Climb on Lower Cocoa Output in the Ivory Coast

December ICE NY cocoa (CCZ24 ) today is up +85 (+1.10%), and December ICE London cocoa #7 (CAZ24 ) is up +31 (+0.58%). Cocoa prices today rose to 2-1/2 week highs and are moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish for cocoa...Cocoa - Hands

R Rich Asplund
Rich Asplund on 09/16/2024

Coffee Rallies on Concern Over Global Coffee Production

December arabica coffee (KCZ24 ) today is up +2.60 (+1.00%), and November ICE robusta coffee (RMX24 ) is up +37 (+0.70%). Coffee prices today are moderately higher, with Dec arabica and Nov robusta posting contract highs, while nearest-futures (U24) robusta posted a new all-time high. Coffee prices

R Rich Asplund
Shawn Hackett on 09/16/2024

The Era Of Weather Volatility Ahead-Impacts to Agricultural Prices and Production

Throughout History Weather Volatility Increases when the sun's activity is reduced, when sea surface temperatures reach an extreme (hot or cold), when large volcanic eruptions increase in activity and when deforestation runs rampant. All these cycles are now in alignment for increased weather volati

S Shawn Hackett
Austin Schroeder on 09/16/2024

Cotton Rounds out the Week with Losses

Cotton futures settled the Friday session with contracts down 26 to 57 points across the board. December still saw a decent pop this week, up 194 points. The dollar index was down 226 points, with crude oil futures up just 29 cents/barrel. The large managed money speculators were adding 6,827...iSt

A Austin Schroeder
Rich Asplund on 09/16/2024

Sugar Prices Give Up Early Gains as Crude Prices Turn Lower

October NY world sugar #11 (SBV24 ) Friday closed down -0.06 (-0.31%), and December London ICE white sugar #5 (SWZ24 ) closed up +0.80 (+0.15%). Sugar prices Friday settled mixed, with London sugar posting a 1-week high. Sugar fell back from its best levels Friday, with NY sugar retreating from...S

R Rich Asplund
Rich Asplund on 09/16/2024

Cocoa Closes Higher on Cocoa Production Concerns in West Africa

December ICE NY cocoa (CCZ24 ) Friday closed up +107 (+1.41%), and December ICE London cocoa #7 (CAZ24 ) closed up +50 (+0.94%). Cocoa prices recovered from early losses on Friday and settled moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish for

R Rich Asplund
Rich Asplund on 09/16/2024

Coffee Prices Finish Sharply Higher on Concern About Global Coffee Production

December arabica coffee (KCZ24 ) Friday closed up +10.05 (+4.03%), and November ICE robusta coffee (RMX24 ) closed up +190 (+3.74%). Coffee prices Friday rallied sharply, with Dec arabica and Nov robusta posting contract highs, while nearest-futures (U24) robusta soared to a record high. Coffee pri

R Rich Asplund
Austin Schroeder on 09/16/2024

Cotton Fading Lower at Midday

Cotton futures are heading lower so far on the Friday session, fading strength from earlier in the session. Contracts are down 29 to 53 points. The dollar index is down 251 points, with crude oil futures up just 12 cents/barrel at midday and well off their highs. The monthly Crop...Cotton bunches b

A Austin Schroeder
Rich Asplund on 09/16/2024

Concerns About Brazil Sugar Production Underpins Sugar Prices

October NY world sugar #11 (SBV24 ) today is up +0.14 (+0.73%), and Oct London ICE white sugar #5 (SWV24 ) is up +8.40 (+1.56%). Sugar prices today are moving higher for a third session, with NY sugar posting a 1-week high and London sugar posting a 2-week high. Sugar...Sugar - Harvested sugar cane

R Rich Asplund
Rich Asplund on 09/16/2024

Cocoa Prices Underpinned by Smaller Cocoa Output in the Ivory Coast

December ICE NY cocoa (CCZ24 ) today is up +99 (+1.30%), and December ICE London cocoa #7 (CAZ24 ) is up +64 (+1.20%). Cocoa prices today recovered from early losses and are moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish for cocoa prices....Co

R Rich Asplund
Rich Asplund on 09/16/2024

Coffee Prices Soar on Concerns About Global Coffee Production

December arabica coffee (KCZ24 ) today is up +8.80 (+3.53%), and November ICE robusta coffee (RMX24 ) is up +162 (+3.21%). Coffee prices today are sharply higher, with Dec arabica and Nov robusta posting contract highs, while nearest-futures (U24) robusta soared to a record high. Adverse global wea

R Rich Asplund
Austin Schroeder on 09/16/2024

Cotton Higher to Kick Off Friday

Cotton prices are up 31 to 43 points on Friday morning. Futures settled the Thursday session with gains of 14 to 77 points, following US production cut from USDA. The dollar index was down 298 points, with crude oil futures back up $1.93/barrel to help support the market. Export Sales...20221016_16

A Austin Schroeder
Austin Schroeder on 09/16/2024

Cotton Posts Gains After Bull Friendly USDA Data

Cotton futures settled the Thursday session with gains of 14 to 77 points, following US production cut from USDA. The dollar index was down 298 points, with crude oil futures back up $1.93/barrel to help support the market. Export Sales data showed 116,052 RB of cotton sold for export in...Cotton -

A Austin Schroeder
Rich Asplund on 09/16/2024

Sugar Settles Moderately Higher as Brazil Center-South Sugar Output Declines

October NY world sugar #11 (SBV24 ) Thursday closed up +0.34 (+1.82%), and Oct London ICE white sugar #5 (SWV24 ) closed up +11.00 (+2.08%). Sugar prices on Thursday moved moderately higher due to a decline in Brazil's Center-South sugar production. Unica reported Thursday that Center-South sugar p

R Rich Asplund
Rich Asplund on 09/16/2024

Cocoa Posts Moderate Losses on the Outlook for a Global Cocoa Surplus

December ICE NY cocoa (CCZ24 ) Thursday closed down -140 (-1.81%), and December ICE London cocoa #7 (CAZ24 ) closed down -43 (-0.80%). Cocoa prices Thursday gave up early gains and turned lower on the outlook for a global cocoa surplus after JSG Commodities said it expects a +99,000 MT...Cocoa - Cho

R Rich Asplund
Rich Asplund on 09/16/2024

Coffee Prices Close Higher on Global Weather Concerns

December arabica coffee (KCZ24 ) Thursday closed up +2.75 (+1.11%), and November ICE robusta coffee (RMX24 ) closed up +69 (+1.38%). Coffee prices Thursday settled moderately higher, with robusta posting a 1-1/2 week high. Coffee prices rose due to concern that adverse global weather events will cu

R Rich Asplund