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By Jack Scoville |
April 5, 2013
Cocoa closed a little lower on what was called speculative selling. Charts show that the market may have failed against some important resistance áreas. The flow of Cocoa from western Africa is falling and traders are taking note.
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By Jack Scoville |
April 4, 2013
Sugar closed mostly lower again on ideas of big production, mostly from Brazil. Ideas of weak demand and big supplies keep traders negative to prices.
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By Jack Scoville |
April 3, 2013
Coffee was lower across the board as traders anticipated increased offers from Brazil. The new Brazilian harvest is just a couple of months away, and traders expect big offers to develop on rallies.
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By Jack Scoville |
April 2, 2013
Orange juice closed a little lower on ideas that most of the crop losses had been factored into prices already. Prices acted weak and it does seem as if the market has priced in crop losses for now.
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By Jack Scoville |
April 1, 2013
Cotton was mixed as traders saw USDA forecast less planted area for the U.S. this year. Ideas are that the reports indicate the possibility of tight supplies in the U.S. by the end of the next marketing year.
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By Jack Scoville |
March 28, 2013
Sugar closed mostly lower on ideas of big production, mostly from Brazil. Ideas of weak demand and big supplies keep traders negative to prices.
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By Jack Scoville |
March 27, 2013
Coffee was higher again yesterday in New York and Sao Paulo, but lower in London. Arabica prices rallied as traders started to look again at the potential for major losses in producing areas due to the rust.
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By Jack Scoville |
March 26, 2013
Futures closed a little higher on ideas of continuing crop losses from Greening Disease and dry weather. Forecasts calling for colder temperatures through the end of the month provided some buying interest.
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By Jack Scoville |
March 25, 2013
Cotton was lower Friday on follow through selling from less than expected export sales reported Thursday by USDA. News that India and China would sell into local markets from government supplies had its effect as well.
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By Jack Scoville |
March 22, 2013
Cocoa closed higher on ideas that production in the coming year will be short, which helped the bulls as did a weaker U.S. dollar.
