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By Jack Scoville |
December 17, 2013
Orange juice closed lower as weather in Florida remains very good for the citrus crops. The greening disease has affected crops in a big way and could cause reduced production for the next few years.
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By Jack Scoville |
December 16, 2013
Cotton traders were anticipating some beneficial economic news from China, Europe and the U.S. to keep short-term demand ideas intact. Demand has turned softer lately as export sales have decreased, but the better economic news keeps hopes of a rebound alive.
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By Jack Scoville |
December 13, 2013
Cocoa closed higher in range trading. Very little has changed fundamentally, and that could become a challenge for the bulls as the market needs news to keep the move higher intact.
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By Jack Scoville |
December 12, 2013
Sugar was lower again after trading both sides of unchanged. The primary focus of the market remains big supplies. Increased offers from India and Thailand combined with good supplies available from Brazil keep overall trends down.
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By Jack Scoville |
December 11, 2013
Coffee was higher in all three markets as New York finally reacted to increased demand for Arabica and the lack of offer of Robusta from Vietnam. Roasters have turned to Arabica, although not enough to move New York futures out of the trading range.
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By Jack Scoville |
December 10, 2013
Futures closed higher, but well off the highs as Nielsen reported increased demand. It remains very cold in parts of the U.S., but Florida remains warm.The greening disease has affected crops in a big way and could cause reduced production for the next few years.
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By Jack Scoville |
December 6, 2013
Cocoa closed lower on follow-through long liquidation by speculators. Supplies should be available. Ideas of very strong demand are supporting prices, and certified stocks keep dropping in New York.
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By Jack Scoville |
December 5, 2013
Sugar was lower in both New York and London and made new lows for the move. Traders were talking about increased offers from India and Thailand.
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By Jack Scoville |
December 4, 2013
Coffee was sharply higher in London and a little higher in New York and Sao Paulo. London was higher on reports of light offers again from Vietnam due to recent rains and low prices.
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By Jack Scoville |
December 3, 2013
Orange juice closed lower as the weather in Florida remains generally very good. There is usually some speculative buying that appears at this time and as soon as the cold air starts to filter in from Canada, and cold air is coming again at the end of the week.
