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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 Whitney McFerron, Bloomberg |
April 23, 2013
Goldman Sachs Group Inc. cut its “near-term” outlook for commodities and reduced forecasts for oil and coffee amid prospects for weak demand from China to Europe. The bank also exited a position on lower gold prices.
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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 Isis Almeida, Bloomberg |
April 23, 2013
Goldman Sachs Group Inc. lowered its price forecasts for arabica coffee futures in New York, citing an improving production outlook in leading grower Brazil.
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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.
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By Jack Scoville |
April 17, 2013
Coffee was higher as outside markets held better. London was higher and shows signs of completing a bottom. Spreads have been firm, implying the market has demand and less offer.
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By Jack Scoville |
April 16, 2013
Cotton was lower in response to disappointing economic data from China. USDA showed slow planting progress in its reports today as weather remains a big issue.
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By Jack Scoville |
April 15, 2013
Orange juice closed a little higher as some delayed buying related to the USDA production data appeared. USDA dropped production estimates by another 1.0 million boxes in its reports as expected by the trade.
