Commodities
Commodities
Easing Supply Concerns Weigh on Cocoa Prices
December ICE NY cocoa (CCZ26) closed down -275 (-4.44%) on Tuesday, and December ICE London cocoa #7 (CAZ26) closed down -224 (-4.96%). Cocoa prices sank to 2-week lows on Tuesday and settled sharply lower as cocoa supply concerns ease. Last Wednesday, Barry Callebaut AG, the world’s biggest cocoa processor, said the global cocoa market is […]
by Currency Hedger
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- 4 weeks ago
Commodities
NY Sugar Prices Recover as Thailand’s Sugar Output Set to Decline
October NY world sugar #11 (SBV26) closed up +0.03 (+0.17%) on Tuesday, and October London ICE white sugar #5 (SWV26) closed down -7.20 (-1.37%). Sugar prices settled mixed on Tuesday. NY sugar recovered early losses and posted modest gains amid forecasts for lower sugar production in Thailand, the world’s second-largest sugar exporter. On Monday, the […]
by Currency Hedger
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- 4 weeks ago
Commodities
Cotton Posts Mixed Trade
Cotton futures were mixed on Tuesday, with contracts closing 22 points higher to 26 points lower. Crude oil was back up $2.77 per barrel on the day, with the US dollar index slipping $0.335. Weekly Crop Progress data showed 40% of the US cotton crop with bolls opening as of Sunday, with 7% of the […]
by Currency Hedger
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- 4 weeks ago
Commodities
Wheat Post Gains Following Peace Talks
The wheat complex came out of the long weekend with gains across the board. Chicago SRW contracts were 6 ¼ to 14 ¼ cents higher at the close. KC HRW futures posted gains of 4 to 18 cents on Tuesday. MPLS spring wheat saw strength of 8 ½ to 11 cents to close out the […]
by Currency Hedger
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- 4 weeks ago
Commodities
Corn Faces Weakness
Corn futures posted losses of 1 to 3 ¼ cents across most front months on Tuesday. The CmdtyView national average Cash Corn price was down 3 3/4 cents at $4.87 3/4. This week’s Crop Progress report showed 76% of the US corn crop dented as of September 6, with 25% listed as mature and harvest at 5% […]
by Currency Hedger
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- 4 weeks ago
Commodities
Soybeans Come Out of Labor Day with Gains
Soybeans closed the day with contracts 6 ½ to 10 cent gains across the board on Tuesday. The cmdtyView national average Cash Bean price was up 6 1/2 cents at $12.57 1/4. Soymeal futures were down $1.50 to $5.30 at the close, with Soy Oil 94 to 155 points higher. There were no deliveries against September soybean futures overnight, with 106 […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Commodities, Institutional, Technical Analysis
Chart of the Day: Wheat rebounds 3% after pulling back from multi-year highs
Chicago wheat futures (WHEAT) are up more than 3% today as investors price in a more persistent reduction in supply amid the ongoing war between Ukraine and Russia, with both sides targeting exports and disrupting key logistics routes. WHEAT chart (D1 interval) Over the past several sessions, selling pressure in wheat was visible across all […]
by Currency Hedger
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- 4 weeks ago
Commodities
Palm Oil Holds Gains Around MYR 5,000
Malaysian palm oil futures extended their upward momentum, hovering around MYR?5,000 per tonne as a weaker ringgit and stronger edible oil prices in Dalian and Chicago lent support. Crude oil’s rally, driven by fears of prolonged Middle East conflict and supply risks, added further momentum. At the same time, an unusually severe El?Niño has deepened […]
by Currency Hedger
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- 4 weeks ago
Commodities
Wheat Futures Rise as US Peace Efforts Falter
Wheat futures rose above $7.30 per bushel, rebounding from losses on September 4, as Washington’s renewed push to end the Russia-Ukraine war failed to deliver a meaningful breakthrough toward restoring Ukrainian and Russian grain exports. Over the weekend, US representatives met with Russian President Vladimir Putin in Moscow and Ukrainian President Volodymyr Zelenskyy in Kyiv. […]
by Currency Hedger
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- 4 weeks ago
Commodities
Palm Oil Holds Gains Ahead of Monthly Data
Malaysian palm oil futures hovered above MYR 4,950 per tonne, extending recent gains as firmer edible oil prices on Dalian markets and higher crude oil prices lifted sentiment amid heightened concerns over a prolonged supply disruption from the Middle East. Rising El Niño risks added a bullish factor, with drier conditions threatening Southeast Asian production. […]
by Currency Hedger
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- 4 weeks ago