The wheat complex was in retreat mode, with contracts lower across the three exchanges. Chicago SRW contracts closed in on the lows at the final bell, down 17 to 19 cents. KC HRW futures fell back 12 to 15 ½ cents across most contracts. MPLS spring wheat was down 2 to 6 cents on the […]
Cotton futures posted gains of 5 to 109 points across most contracts at the close. Crude oil was $3.64 per barrel higher on the session, with the US dollar index holding steady on the day. Weekly Crop Progress data showed condition ratings at 34% good/excellent, down 5 percentage points on the week. The Brugler500 index […]
December arabica coffee (KCZ26) closed up +0.75 (+0.26%) on Wednesday, and November ICE robusta coffee (RMX26) closed up +14 (+0.40%). Coffee prices settled higher on Wednesday, with robusta posting a 1-week high. Tightness in near-term supplies is bullish for arabica coffee prices, as ICE arabica coffee inventories fell to a 27-year low of 218,838 bags […]
December ICE NY cocoa (CCZ26) closed up +38 (+0.64%) on Wednesday, and December ICE London cocoa #7 (CAZ26) closed up +20 (+0.47%). Cocoa prices rose on Wednesday after Ghana’s cocoa industry regulator proposed raising cocoa farmers’ pay by +6% for the 2026/27 season, which sparked short covering in cocoa futures as the proposed increase could […]
October NY world sugar #11 (SBV26) closed up +0.30 (+1.66%) on Wednesday, and October London ICE white sugar #5 (SWV26) closed up +15.50 (+2.99%). Sugar prices settled sharply higher on Wednesday on the +3% surge in crude price (CLV26) to a 3.25-month high. Higher crude prices support ethanol prices and could prompt the world’s sugar […]
Malaysian palm oil futures slipped more than 1% to around MYR 4,900 per tonne, extending their decline to a one-week low. Weaker edible oil prices in Dalian and Chicago, along with a stronger ringgit, weighed on sentiment. Traders also turned cautious ahead of monthly data from the Malaysian Palm Oil Board later today. Meanwhile, exports […]
Market Situation Wheat Fundamental and Market Context Historical Valuation (Z-score) Scenarios Gold Fundamental and Market Context Buyers slightly trimmed long positions last week, which may be linked to rising US yields. Source: CFTC, XTB Historical Valuation (Z-score) Scenarios WTI Crude Oil Fundamental and Market Context Calendar spreads remain elevated but show signs of stabilizing, which […]
Corn futures fell below $5.10 per bushel, pulling back from an over three-year high of $5.21 hit on September 1, as traders adjusted positions ahead of Friday’s widely anticipated USDA supply-and-demand report. The decline came despite expectations for weaker US yields, which have continued to provide a floor for prices. Commodity brokerage StoneX lowered its […]
Malaysian palm oil futures remained subdued, trading near MYR 4,960 per tonne, pressured by a stronger ringgit and weaker edible oil prices in the Dalian and Chicago markets. Meanwhile, exports remained sluggish, with cargo surveyors estimating August palm oil shipments fell between 6.5% and 14.9% from July, while inventories climbed to a five-month high in […]
Live cattle futures closed the Tuesday session with contracts $2.37 to $4.50 gains across most contracts at the close. Cash trade saw light action last week with sales ranging from 218-220, with a few up to $222. Feeder cattle futures rounded out the Tuesday session with contracts $4.05 to $5.72 higher. The CME Feeder Cattle […]