Cotton closed a little lower on some speculative long liquidation to finish the week. Prices overall have been supported by very good demand as export sales have been well above 400,000 bales for the last couple of weeks.
Sugar was lower as big production ideas continue. Some are talking about dry weather in Brazil right now and that it could impact production of the next crop, but the market knows there is still a lot of sugar.
Coffee closed a little higher. Overall the market is in a trading range and could be forming a bottom. News of very small offers in the market kept futures from going much lower, but buying interest is thin.
There is still too much sugar around the world market as many traders think the surplus production for this year could be over 4.0 million tons. Thai offers are strong and differentials are holding steady.
Coffee closed lower after trading both sides of unchanged. It was a low volume session as traders try to figure out the real production estimate for Brazil. There are still higher estimates around, and no one is sure what is going on there.
Orange juice closed a little higher on follow-through buying from the lower than expected Florida production estimates provided by USDA. The greening disease could cause reduced production for the next few years.