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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.
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By Shawn Hackett |
April 15, 2013
Last year all the analysts looked at the huge surpluses coming and all projected cotton to fall to $.50/pound or even lower. It was a compelling and sensible forecast and it was absolutely wrong.
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By Kris Hicks |
April 12, 2013
May Natural Gas rebounded from an early session decline on Thursday following a draw from inventories placing current storage levels below the five-year average for this time of year.
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By Jack Scoville |
April 11, 2013
Coffee was a little higher on news that the Brazil government will look to raise the minimum price paid to farmers by 30% in an effort to raise prices.
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By Jack Scoville |
April 10, 2013
No one had been paying much attention to the reports of rust in Central America and parts of South America, and prefer to concentrate on Brazil and also on improving production conditions in Vietnam.
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By Jack Scoville |
April 9, 2013
Orange juice closed lower on what appeared to be some long liquidation after the big rally on Friday. Traders are getting ready for the next USDA reports that will be released tomorrow morning.
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By Jack Scoville |
April 8, 2013
Cotton was lower on speculative selling tied to ideas of weaker demand because of the Chinese and U.S. economic data and on some ideas of increasing planted area due to recent weakness in Corn and Soybeans.
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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.
