About the Author
Jack Scoville
Jack Scoville is a veteran futures market analyst specializing in grains, softs, rice, oilseeds, and tropical products such as coffee and sugar. His industry contacts in South America, Europe, Asia, and North America provide him with a unique and comprehensive view of these markets. Jack began working in the futures industry over 30 years ago and spent 10 years working on the floor of the Chicago Board of Trade in various roles, starting with The PRICE Futures Group since it was established in 1988. Jack writes daily commentaries - Morning Grains and Softs, in both English and Spanish and is regularly quoted around the world by news & wire services including Dow Jones, AP, Bloomberg, and Reuters. You can contact Jack by phone at (312) 264-4322 or by email at jscoville@pricegroup.com. Learn even more on our website at www.pricegroup.com.
Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The information presented by The PRICE Futures Group is from sources believed to be reliable and all information reported is subject to change without notice.
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By Jack Scoville |
May 2, 2013
Sugar closed lower in response to news of big production potential in Brazil and disappointing economic data from China. Traders remain bearish on supplies, especially from Brazil.
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By Jack Scoville |
May 1, 2013
News of fewer world coffee exports in March from the ICO and the potential for less production in the coming year from Vietnam supported the market.
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By Jack Scoville |
April 30, 2013
Orange juice closed higher on stronger demand reports and despite forecasts for beneficial rains in Florida this week. The monthly Neilsen report released yesterday morning showed better demand for FCOJ.
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By Jack Scoville |
April 29, 2013
Cotton was slightly higher to finish the week. Rains are moving through the Delta and Southeast this week to slow planting progress, and farmers were reported to be actively planting in the north Texas region.
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By Jack Scoville |
April 25, 2013
Cotton could be planted instead of corn due to sinking grains prices.
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By Jack Scoville |
April 24, 2013
Coffee prices in general have been weak as traders anticipate another big crop out of Brazil starting the summer, and bears note that improved rains should help increase Vietnamese production potential this year.
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By Jack Scoville |
April 23, 2013
Orange juice closed lower on signs of improving weather. Some speculators are rolling positions or liquidating positions as First Notice Day is coming with the start of May as well.
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By Jack Scoville |
April 22, 2013
Cotton was mostly a little higher. Planting and growing conditions remain in a state of flux. Rains are moving through the Delta and Southeast this week to slow planting progress.
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By Jack Scoville |
April 19, 2013
Cocoa closed mixed, with New York generally a little higher and London generally a little lower. The European grind data was less than last year and hurt the price action yesterday.
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By Jack Scoville |
April 18, 2013
Sugar closed lower in range trading. Traders are keeping an eye on developments in Brazil. Talk that rain in production areas last week was hurting harvest progress was bullish, but the weather there is drier this week.