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By Jack Scoville |
February 28, 2013
Cotton was higher yesterday in response to comments by Fed chairman Bernacke that the U.S. economy was getting better and that the crisis was passing. Wire reports that Texas could plant 25% less area to Cotton were very supportive.
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By Jack Scoville |
February 27, 2013
Cocoa chart patterns are consolidating and market trends are still down overall, but ideas are that the market can turn higher now that the main harvest in West Africa is about over.
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By Jack Scoville |
February 26, 2013
Some support in coffee came from news that Colombia coffee farmers will not deliver as they seek higher prices for crops so they can cover costs and even make a small profit.
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By Jack Scoville |
February 25, 2013
Cotton was lower again Friday on follow through selling from Thursday and as spending cuts for the government draw nearer. Ideas are that the across the board cuts will hurt the economy and thus cotton demand.
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By Jack Scoville |
February 21, 2013
Coffee bulls keep talking about the losses from rust in Central America and the bears keep noting that there is more than enough coffee being produced in other countries to cover the losses seen in Central America.
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By Jack Scoville |
February 20, 2013
Cotton was higher on new speculator and consumer buying. The move and its timing created ideas of new Chinese demand as they are now back and working after the Lunar New Year holiday.
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By Jack Scoville |
February 19, 2013
Sugar closed mixed, with New York a little lower on Friday, but London higher yesterday. The lack of demand news has hurt the bull case and made it hard to sustain rallies given big production ideas.
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By Jack Scoville |
February 8, 2013
Cocoa closed higher on forecasts for stressful weather for developing crops in West Africa. Hot and dry winds now could hurt the mid-crop production.
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By Jack Scoville |
February 7, 2013
Many cotton traders are worried about a bearish surprise as prices have gotten much stronger in the last week. Bears point to increasing certified stocks levels for reasons to be bearish.
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By Jack Scoville |
February 6, 2013
Orange juice closed higher on speculative buying in preparation for the USDA reports at the end of the week. Ideas are that USDA can show smaller crops in its reports this week.
