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By Jack Scoville |
May 20, 2013
Cotton closed last week higher in range trading. The new crop months were firmer on the informal planted area estimates and forecasts for some rain in production areas this week to keep planting slow.
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By Jack Scoville |
May 17, 2013
The flow of cocoa from western Africa is down for seasonal considerations, and traders wonder about the quality and size of the mid crop after some hot and dry weather during the growing season.
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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 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 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.
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By Jack Scoville |
May 7, 2013
Orange juice closed lower in consolidation trading. Many are now looking ahead to Friday and the next USDA Oranges production estimates.
