New York and London sugar futures extended their declines on Wednesday, with both markets coming under pressure from continued long liquidation, expectations for increased Indian sugar availability and improving prospects for Brazil’s sugar harvest. March 2027 New York Sugar No. 11 futures fell 0.07 cents, or 0.34%, while December 2026 London white sugar declined $3.40, […]
EUR/JPY loses ground for the second successive day, trading around 177.50 during Asian hours on Thursday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is maintaining a bearish near-term tone as it holds below both the nine- and 50-period […]
US cotton futures advanced across the market on Wednesday, with front-month contracts posting strong gains as traders assessed improving international price benchmarks, certified stock levels and broader commodity-market movements. December 2026 cotton futures closed at 81.83 cents per pound, up 95 points, while March 2027 futures gained 102 points to settle at 85.20 cents. May […]
US live cattle and feeder cattle futures are trading higher following a strong Wednesday session, with feeder cattle leading the advance as market participants assess livestock values, cash-market activity and weakening wholesale beef prices. Live cattle futures gained between 77 cents and $1.07, although several contracts finished more than $1 below their intraday highs. Feeder […]
The AUD/JPY cross trades in negative territory around 110.60 during the early European trading hours on Thursday. Hawkish remarks from Japanese authorities provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD). Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that underlying inflation is moving securely toward the central […]
The Indonesian rupiah is extending its decline towards IDR 18,040 per US dollar as broad-based dollar strength, rising energy costs and domestic fiscal concerns weigh on investor sentiment. With the Federal Reserve’s next policy meeting approaching, expectations for unchanged US interest rates are doing little to ease pressure on emerging-market currencies. Domestically, oil prices around […]
US heating oil prices have climbed back above $4.80 per gallon, recovering part of the previous session’s decline of more than 3% as concerns over tight distillate supplies continue to support the market. The rebound comes despite plans by the US Department of Energy to release emergency heating oil stocks ahead of the winter season. […]
European natural gas prices are holding above €87 per megawatt-hour (MWh), trading close to their highest levels in nearly four years as disruptions to Middle Eastern liquefied natural gas (LNG) exports and historically low European storage levels intensify concerns over winter energy security. Continued attacks on commercial vessels in the Strait of Hormuz are restricting […]
The US dollar index is holding near 101.7, pausing its recent decline as currency markets assess the outlook for Federal Reserve policy, weakening US housing indicators and renewed geopolitical risks in the Middle East. With the next Fed meeting approaching, investors are weighing expectations for unchanged interest rates against the possibility that persistent energy-driven inflation […]
Corn futures have recovered above $4.60 per bushel but remain close to a two-month low, as weak US export demand and expectations for a record-large domestic harvest continue to pressure prices. US export inspections have fallen sharply, while improving Midwest weather is allowing harvesting to accelerate. However, stronger import demand in Europe and a reduced […]