Commodities
Commodities
Cocoa Prices Retreat as Supply Fears Abate
December ICE NY cocoa (CCZ26) closed down -99 (-1.58%) on Thursday, and December ICE London cocoa #7 (CAZ26) closed down -65 (-1.42%). Cocoa prices settled lower for a third day on Thursday amid signs of ample cocoa supplies. On Wednesday, Barry Callebaut AG, the world’s biggest cocoa processor, said the global cocoa market is well […]
by Currency Hedger
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- 4 weeks ago
Commodities
Sugar Prices Fall on Speculation India Will Import Less
October NY world sugar #11 (SBV26) closed down -0.63 (-3.37%) on Thursday, and October London ICE white sugar #5 (SWV26) closed down -12.60 (-2.34%). Sugar prices settled sharply lower on Thursday as speculation that India will import less sugar than initially expected fueled long liquidation in sugar futures. The Indian government reduced the sugar dealer […]
by Currency Hedger
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- 4 weeks ago
Commodities
Soybean Futures Hold Above $13
Soybean futures held above $13 per bushel, near their highest level since December 2023, as fresh Chinese purchases supported demand despite weak US export sales. China has continued buying US soybeans as part of its commitment to purchase 25 million metric tons annually through 2028. The USDA confirmed a 192,000-ton fresh sale to China for […]
by Currency Hedger
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- 4 weeks ago
Commodities
Palm Oil Subdued, Heads for Second Straight Weekly Loss
Malaysian palm oil futures steadied near MYR 4,900/t after recent declines, as firmer Dalian edible oil prices were offset by softer Chicago soyoils. Meanwhile, crude oil prices strengthened amid renewed U.S.–Iran hostilities, raising supply concerns and supporting sentiment. Rising El Niño risks added a bullish factor, with drier conditions threatening Southeast Asian production. Output in […]
by Currency Hedger
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- 4 weeks ago
Commodities
Corn Holds Near 3-Year High
Corn futures held above $5.10 per bushel, trading near their highest level in more than three years, as concerns over disruptions to Black Sea grain exports added support ahead of the region’s peak corn export season. The peak export window for Black Sea corn begins in October, raising concerns over global supplies as attacks continue […]
by Currency Hedger
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- 4 weeks ago
Commodities
Wheat Eases From 3-Year Peak
Wheat fell below $7.30 per bushel, easing from over a three-year high, amid expectations of a peace agreement between Russia and Ukraine. President Putin stated there was a chance of a peace agreement to end the war with Ukraine, which triggered profit taking by traders. The EU also stated it was looking into “all possible […]
by Currency Hedger
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- 1 month ago
Commodities
Soybeans Rise Above $13
Soybean futures rose above $13.0 per bushel, near their highest level since December 2023 as fresh Chinese buying and signs of tightening crop conditions supported prices. Private exporters reported fresh sales of 202,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year, following a 136,000-ton purchase a day earlier. The […]
by Currency Hedger
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- 1 month ago
Commodities
Corn Futures Fall on Profit-Taking
Corn futures fell below $5.2 per bushel, easing from a three-year high as traders took profits following the recent rally. Still, concerns over US yields and potential export demand continued to support prices. The latest USDA report showed the corn crop holding at 57% good-to-excellent as of August 30, while recent field assessments pointed to […]
by Currency Hedger
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- 1 month ago
Commodities
Palm Oil Rebounds on Dalian Gains, El Niño Risks
Malaysian palm oil futures strengthened, trading near MYR 4,990 per tonne after recent losses, lifted by firmer edible oil prices on the Dalian market. Sentiment was also supported by rising El Niño risks, which could bring drier conditions to Southeast Asia. Palm oil output in top supplier Indonesia is expected to fall 2.9% to 56.8 […]
by Currency Hedger
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- 1 month ago
Commodities
Agricultural Commodities Retreat
COTTON & WHEAT down more than 2% 🔥 Agricultural commodities have seen a strong wave of gains, driven mainly by supply and logistics concerns. These stem from a combination of worries about fertilizer prices, the security of terminals in the Black Sea, and weather anomalies following El Niño. WHEAT (D1) Chart Source: xStation5 Wednesday, however, […]
by Currency Hedger
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- 1 month ago