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By Jack Scoville |
January 31, 2013
Orange juice closed higher on what appeared to be speculative short covering. Ideas are that USDA can show smaller crops due to the greening disease that has been reported in Florida.
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By Jack Scoville |
January 30, 2013
Sugar closed lower and retreated back into the recent trading range. The fundamental situation still appears negative. Most traders still note that big supplies appear to be available to the market.
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By Jack Scoville |
January 29, 2013
Coffee crops in Central America will see some significant losses due to Roya next year, and some yields have been impacted this year. Yield losses could be 30% or more.
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By Stephen Kirkland and Susanne Walker, Bloomberg |
January 28, 2013
Treasury 10-year yields touched 2% for the first time since April after U.S. durable-goods orders climbed more than forecast. The Standard & Poor’s 500 Index retreated following an eight-day rally, its longest since 2004.
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By Jack Scoville |
January 28, 2013
Cotton trends remain up as traders contemplate less planted area next year and strong export sales. Strong sales are expected to continue after another failed Chinese government auction held over the weekend.
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By Jack Scoville |
January 25, 2013
Cocoa futures closed lower. Good arrivals in Africa are negative and are continuing. Ivory Coast arrivals are strong, and the trend for strong arrivals from there should continue.
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By Jack Scoville |
January 24, 2013
Sugar futures closed higher on news that Iraq has tendered for 50,000 tons of White Sugar and on some speculative short covering.
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By Jack Scoville |
January 23, 2013
Cotton futures were higher as speculators contemplated less planted area next year. Bull spreads were featured as the market tries to find some Cotton.
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By Michelle Jamrisko, Bloomberg |
January 23, 2013
Exports from the U.S. are set to pick up in 2013 after slumping last quarter as global growth strengthens from Asia to Latin America, giving American manufacturers a boost.
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By Jack Scoville |
January 22, 2013
Coffee charts show that some lows have been formed in all three markets and still show that all they are in short-term up trends. Vietnamese producers said over the weekend that they expect sharply lower production for 2013.
