Commodities
Commodities
Corn Futures Rally to 17-Month High
Corn futures climbed toward $5 per bushel, hitting a seventeen-month high as growing concerns over US crop yields fueled expectations of tighter supplies. The Pro Farmer Crop Tour estimated the national corn yield at 173.2 bushels per acre, well below the USDA’s August forecast of 180.7 bushels and implying production of 15.344 billion bushels, around […]
by Currency Hedger
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- 3 months ago
Commodities
Coffee Prices Slip on Brazil Harvest Pressures
December arabica coffee (KCZ26) is down -0.25 (-0.08%) today, and September ICE robusta coffee (RMU26) is down -86 (-2.32%). Coffee prices are falling today, with robusta sharply lower. Arabica coffee is under pressure on expectations for drier weather in Brazil to speed up the pace of the country’s coffee harvest. Robusta is retreating amid rising […]
by Currency Hedger
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- 3 months ago
Commodities
Cocoa Prices Retreat as Global Supplies Improve
September ICE NY cocoa (CCU26) closed down -98 (-1.61%) on Friday, and September ICE London cocoa #7 (CAU26) closed down -10 (-0.23%). Cocoa prices settled lower on Friday amid signs of larger global supplies after Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052 MT. Nigeria is the world’s fifth-largest cocoa […]
by Currency Hedger
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- 3 months ago
Commodities
Soybeans Firm Higher Late on Friday
Soybeans pushed higher late on Friday, with contracts up 1 to 4 ¼ cents at the close. September was up 47 ¼ cents on the week, with November 47 cents higher. September options expired today. The cmdtyView national average Cash Bean price was up 3 1/4 cent at $12.02. Soymeal futures posted gains of $2 to $3.60 on the […]
by Currency Hedger
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- 3 months ago
Commodities
Wheat Faded Lower into the Weekend
The wheat complex is in the red across the three exchanges on Friday. Chicago SRW contracts were fractionally to 1 ¼ cents lower on Friday, with September up 6 ¾ cents on the week. KC HRW futures posted losses of 1 ¾ to 6 cents on the session, with September holding onto a 2 cent […]
by Currency Hedger
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- 3 months ago
Commodities
Cotton Closes Steady on Friday
Cotton futures were up 1 to 7 points in the front months on Friday, with contracts down 8 points to 20 points higher. December was up 355 points on the week. Crude oil was down 19 cents with the US dollar index $0.063 lower. Commitment of Traders data showed managed money adding another 5,798 contracts […]
by Currency Hedger
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- 3 months ago
Commodities
Sugar Prices Consolidate Recent Rally
October NY world sugar #11 (SBV26) closed up +0.09 (+0.51%) on Friday, and October London ICE white sugar #5 (SWV26) closed down -0.60 (-0.11%). Sugar prices settled mixed on Friday, as prices consolidated recent sharp gains. Concerns that the global sugar market will soon be in deficit are underpinning prices. On Thursday, NY sugar posted […]
by Currency Hedger
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- 3 months ago