The Philippines’ 10-year government bond yield surged toward 8%, hitting its highest level since late October 2018, as faster inflation and softer demand at government debt auctions weighed on bonds. Headline inflation accelerated to 7.2% in September from 6.1% in August, overshooting forecasts of 6.6% and matching April’s three-year high. The reading boosted expectations for […]
Coffee prices are under renewed pressure as expanding supplies from Brazil and Vietnam outweigh weather-related concerns and extremely low arabica inventories. The market is also dealing with a significant divergence between the two major coffee varieties, with strong Brazilian exports weighing on arabica while elevated Vietnamese supply and rising robusta inventories pressure robusta futures. December […]
Cocoa prices remain under pressure as rising exchange inventories and signs of softer chocolate demand outweigh longer-term concerns over West African production. The market is balancing abundant near-term supplies from the Ivory Coast and Ghana against growing risks to the 2026/27 crop from weather, disease and weaker early pod development. December ICE NY cocoa is […]
Sugar markets remain supported by tightening global supply expectations, weather risks and slowing production across several major producing regions. While the stronger US dollar is limiting upside momentum and encouraging some long liquidation, the broader fundamental outlook remains constructive as Brazil’s harvest faces disruption and forecasts point toward a potential global deficit in 2026/27. March […]
Cotton futures are facing renewed selling pressure, with contracts declining across the board as a firmer US dollar and weaker crude oil prices create a less supportive macroeconomic backdrop. The physical market is showing a mixed picture. US cash activity remains active, the Cotlook A Index has strengthened, and ICE certified stocks have fallen further. […]
Soybean prices are facing modest selling pressure as the market balances advancing US harvest activity against expectations for another slightly higher production estimate. Futures are lower across the nearby contracts, while soybean meal is gaining ground and soybean oil is under pressure. The next major catalysts are US export-sales data, the latest Crop Production estimates […]
Corn prices are consolidating after giving back part of their recent advance, with futures under pressure as traders assess improving ethanol demand against expectations for a modest reduction in US yield and production estimates. The market is now looking toward US export-sales data and the next Crop Production report for confirmation of demand strength and […]
Wheat markets are facing renewed selling pressure as futures retreat after failing to extend the previous session’s strength. Chicago SRW, Kansas City HRW and Minneapolis spring wheat are all under pressure, with traders now shifting their attention toward upcoming US export-sales data, the latest WASDE estimates and revisions to global production forecasts. The near-term outlook […]
Crude Oil and Distillate Inventories (Weekly) [DOE]: The report is a significant surprise and a positive price signal for crude oil. Commercial crude oil inventories fell by 3.2 million barrels, while the market expected an increase of 1.9 million. This implies a surprise of about 5.1 million barrels versus consensus. The release is much weaker […]
The Euro (EUR) extends losses against the British Pound (GBP) on Wednesday, on track to complete a nearly 1.6% decline in a nine-day losing streak. A mild EUR/GBP recovery attempt found sellers at the 0.8500 area on Tuesday, sending the pair back to the 0.8475 area, with the 16-month low, at 0.8455, on sight. The […]