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By Jack Scoville |
May 16, 2013
Sugar closed lower and made new lows for the move on reports of big production in April from Brazil, which crushed 41 million tons of sugarcane and produced 1.69 million tons of Sugar. Both amounts are almost triple those of a year ago.
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By Jack Scoville |
May 15, 2013
Coffee was slightly lower in low volume trading. Brazil weather has improved, and some areas of Sao Paulo could see a shower by the end of the week, which would be beneficial.
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By Gary Kamen |
May 14, 2013
Last week’s WASDE showed live cattle as short-term bearish, but longer-term bullish. And what do you know, look what “big money” is now doing in Live Cattle.
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By Whitney McFerron and Luzi Ann Javier, Bloomberg |
May 14, 2013
Corn fell in Chicago and soybeans swung between gains and losses on speculation that drier weather will allow U.S. farmers to speed up planting after a report showed fieldwork is progressing the slowest since the 1980s.
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By Jack Scoville |
May 14, 2013
Orange juice closed higher in reaction to unchanged production estimates from USDA and ideas that more production cuts are coming due to the greening disease.
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By Jack Scoville |
May 13, 2013
Futures were lower as traders concentrated on world supply and demand estimates that showed ample supplies instead of the projected tight U.S. market conditions.
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By Sholom Sanik |
May 10, 2013
Concerns are that the late corn planting could result in some yield loss, and in some regions, the planting window could close completely, forcing farms to plant soybeans or cotton instead.
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By Jack Scoville |
May 9, 2013
Futures closed lower in light volume trading. Traders are still talking about big production in Brazil and around the world. Traders remain bearish on supplies, especially from Brazil, and this has hurt New York prices.
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By Sholom Sanik |
May 8, 2013
It’s quite possible that global cotton usage is in perpetual decline. The global recession certainly affected cotton demand, as it did for most every commodity, but cotton lost market share to synthetic fibers as well.
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By Jack Scoville |
May 8, 2013
Coffee was higher in all three markets, with little offer noted from producers. Brazil producers got news of the support program from the government yesterday, and the details had largely been leaked or anticipated by the trade.
