Commodities
Commodities
Coffee Prices Consolidate Above Thursday’s Lows
December arabica coffee (KCZ26) closed up +0.25 (+0.08%) on Friday, and November ICE robusta coffee (RMX26) closed up +56 (+1.66%). Coffee prices settled higher on Friday, consolidating this week’s losses. On Thursday, arabica coffee dropped to a 1-month low and robusta fell to a 3-month low. Coffee prices have sold off sharply over the past […]
by Currency Hedger
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- 4 weeks ago
Commodities
Cocoa Prices Settle Higher on Pre-Weekend Short Covering
December ICE NY cocoa (CCZ26) closed up +14 (+0.23%) on Friday, and December ICE London cocoa #7 (CAZ26) closed up +4 (+0.09%). Cocoa prices posted modest gains on Friday on some pre-weekend short covering as prices consolidated above Thursday’s 1-week lows. On Thursday, cocoa prices fell to 1-week lows amid signs of sufficient short-term cocoa […]
by Currency Hedger
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- 4 weeks ago
Commodities
Sugar Prices Pressured as Supply Risks Ease
October NY world sugar #11 (SBV26) closed unchanged on Friday, and October London ICE white sugar #5 (SWV26) closed down -3.50 (-0.66%). Sugar prices settled mixed on Friday and have been under pressure the last two sessions amid speculation that India will import less sugar than initially expected. This week, the Indian government reduced the […]
by Currency Hedger
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- 4 weeks ago
Commodities
Cotton Eases Lower into Labor Day Weekend
Cotton futures posted front month losses of 12 to 94 points and deferreds up 2 to 68 points, as December fell 505 points on the week. Crude oil was down 8 cents per barrel on the day, with the US dollar index up $0.240. The market will be closed on Monday for Labor Day. CFTC […]
by Currency Hedger
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- 4 weeks ago
Commodities
Cattle Face Some Pressure Ahead of the Long Weekend
Live cattle futures posted losses of 52 cents to $1.40 on Friday, though October held up $1.22 for the week. Cash trade saw light action this week with sales ranging from 218-220, with a few up to $222. Feeder cattle futures saw mixed trade, with contracts down $1.02 to 85 cents higher. September was up […]
by Currency Hedger
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- 4 weeks ago
Commodities
Wheat Bulls Take Money Off the Table Ahead of the Holiday Weekend
The wheat complex is showing money flow come out ahead of the long weekend, the three exchanges facing pressure. Chicago SRW contracts were down 20 to 21 ½ cents on Friday, with December dropping back 50 cents this week. KC HRW futures were 11 ¾ to 15 cents lower at the close, with December slipping […]
by Currency Hedger
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- 4 weeks ago
Commodities
Soybeans Correct Lower into the Long Weekend
Soybeans posted Friday losses of 6 ½ to 12 ½ cents, as November saw a 21 ¾ cent gain on the week. The cmdtyView national average Cash Bean price was down 6 1/4 cents at $12.51 3/4. Soymeal futures were mixed as contracts were down $1.90 to 20 cents higher on the Friday session, with October up $5.70 this […]
by Currency Hedger
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- 4 weeks ago
Commodities
Corn Bulls Take Money Off the Table Ahead of the Three-Day Weekend
Corn futures slipped lower ahead of the long weekend, with contracts fractionally to 4 cents in the red, as December was just a tick higher over the course of the week. Money flow out ahead of the holiday weekend was likely a factor. The CmdtyView national average Cash Corn price was down 4 cents at $4.91 1/2. […]
by Currency Hedger
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- 4 weeks ago
Commodities
Cattle Futures Rally
Live cattle futures were $2.45 to $4.125 higher at the Thursday close. Cash trade has picked up in the north this week at $345-350 dressed, steady on the week, with early live sales at $218. Some bids across the country were picked up at $219-220 on Thursday. The Thursday Fed Cattle Exchange online auction showed […]
by Currency Hedger
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- 1 month ago
Commodities
The Outlook for More Global Supply Weighs on Coffee Prices
December arabica coffee (KCZ26) closed down -2.75 (-0.92%) on Thursday, and November ICE robusta coffee (RMX26) closed down -32 (-0.94%). Coffee prices extended their week-long slide on Thursday, with arabica dropping to a 1-month low and robusta falling to a 3-month low. Coffee prices have sold off sharply over the past week on the outlook […]
by Currency Hedger
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- 1 month ago