Cotton broke through the downward wedge in mid-August but has moved sideways ever since. Cotton has built a nice base to move up into seasonal strength.
Jim's video explains how the markets of five specific agricultural commodity futures contracts might be impacted by this phenomenon
Cotton futures were back up anywhere from 2 to 60 points on Friday, as December was down 49 points on the week. The outside markets were mixed factors, with crude oil up 9 cents/barrel and the US dollar...
March NY world sugar #11 (SBH25 ) Friday closed down -0.67 (-2.95%), and December London ICE white sugar #5 (SWZ24 ) closed down -18.50 (-3.21%). Sugar prices Friday gave up an early advance and fell sharply...
December ICE NY cocoa (CCZ24 ) Friday closed up +7 (+0.10%), and December ICE London cocoa #7 (CAZ24 ) closed up +25 (+0.43%). Cocoa prices posted modest gains on Friday, with NY cocoa climbing to a 1-1/2...
Fats and Oils - 2024-11-01
December arabica coffee (KCZ24 ) Friday closed down -2.95 (-1.20%), and January ICE robusta coffee (RMF25 ) closed down -90 (-2.06%). Coffee prices Friday extended this week's sell-off, with arabica falling...
Cotton futures are back up on Friday, with contracts up 48 to 60 points across most contracts on the day. The outside markets are mixed factors, with crude oil up 62 cents/barrel and the US dollar index...
March NY world sugar #11 (SBH25 ) today is down -0.69 (-3.03%), and December London ICE white sugar #5 (SWZ24 ) is down -15.10 (-2.62%). NY sugar prices today gave up an early advance and fell sharply...
December ICE NY cocoa (CCZ24 ) today is up +20 (+0.27%), and December ICE London cocoa #7 (CAZ24 ) is up +27 (+0.46%). Cocoa prices today are modestly higher, with NY cocoa posting a 1-1/2 week high and...