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Food Beverage News and Commentary

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Fri, Nov 22nd, 2024
Corn and Coffee continue to have their highest carry yield for the past 52 weeks. Soybean Meal is now at its lowest level

Despite the high carry yield, front month Corn has yet to break through the declining trendline. Coffee, on the other hand, has broken through the upper channel and is aggressively breaking out.

Corn Analysis, 471.00 Target.

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

ZCH25 : 437-6 (+0.34%)
ZCZ24 : 428-4 (+0.41%)
Recent Corn Rally Artificially Propped Up – What’s Next?

Corn prices appeared to have finally found a bottom from the summer sell-off. Speculators were short the market in record numbers until late August, when they began buying back contracts, convincing some...

ZCH25 : 437-6 (+0.34%)
CORN : 18.08 (-1.17%)
XNH25 : 437-5 (+0.32%)
Shootin' the Bull about a desire to own cattle

With a belief, not to be confused with fact, that a portion of the buying that has lifted the feeder cattle index, causing a flurry of activity in feeder cattle futures, is due to the desire to own cattle...

Sugar Prices Decline on the Outlook for a Smaller Global Sugar Deficit

March NY world sugar #11 (SBH25 ) Thursday closed down -0.27 (-1.25%), and March London ICE white sugar #5 (SWH25 ) closed down -5.50 (-0.98%). Sugar prices Thursday moved lower after the International...

SBH25 : 21.38s (-1.25%)
^USDBRL : 5.81480 (unch)
SWH25 : 553.80s (-0.98%)
Cocoa Rallies on Reports of Weather Damage to Ivory Coast Cocoa Trees

December ICE NY cocoa (CCZ24 ) Thursday closed up +109 (+1.31%), and December ICE London cocoa #7 (CAZ24 ) closed up +137 (+1.90%). Cocoa prices Thursday settled moderately higher, with London cocoa posting...

CCH25 : 8,635s (+1.68%)
CAH25 : 7,084s (+1.68%)
Arabica Coffee Climbs on Concerns About Brazil's Coffee Supplies

March arabica coffee (KCH25 ) Thursday closed up +3.20 (+1.09%), and January ICE robusta coffee (RMF25 ) closed down -11 (-0.23%). Coffee prices Thursday settled mixed, with March arabica posting a contract...

^USDBRL : 5.81480 (unch)
RMF25 : 4,787s (-0.23%)
KCH25 : 295.70s (+1.09%)
Sugar Prices Fall as Supply Concerns Fade and the Brazilian Real Weakens

March NY world sugar #11 (SBH25 ) today is down -0.26 (-1.20%), and March London ICE white sugar #5 (SWH25 ) is down -5.30 (-0.95%). Sugar prices today are under pressure after the International Sugar...

SBH25 : 21.38s (-1.25%)
^USDBRL : 5.81480 (unch)
SWH25 : 553.80s (-0.98%)
Cocoa Prices Climb on Reports Heavy Rains Damaged Ivory Coast Cocoa Trees

December ICE NY cocoa (CCZ24 ) today is up +183 (+2.19%), and December ICE London cocoa #7 (CAZ24 ) is up +137 (+1.90%). Cocoa prices today are moderately higher, with London cocoa posting a 4-month nearest-futures...

CCH25 : 8,635s (+1.68%)
CAH25 : 7,084s (+1.68%)
Coffee Prices Supported by the Outlook of Smaller Brazil Supplies

March arabica coffee (KCH25 ) today is up +3.50 (+1.21%), and January ICE robusta coffee (RMF25 ) is up +8 (+0.17%). Coffee prices today added to Wednesday's sharp gains, with Mar arabica posting a contract...

RMF25 : 4,787s (-0.23%)
KCH25 : 295.70s (+1.09%)

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2-Year High imminent for the U.S. Dollar Index $DXY https://t.co/5azbxzU3Q8
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Natural Gas jumps to highest price in more than 1 year 🚨 At resistance or is a much bigger move coming? https://t.co/r2f6hrkxn3
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Bitcoin Creator Satoshi Nakamoto now has a net worth of $98 Billion (based on estimates of his $BTC holdings). This gives him a higher net worth than Alice Walton, Blackstone Founder Stephen Schwarzman, Citadel Founder Ken Griffin, and places him only $6B behind Bill Gates! https://t.co/JzjFPhG0j6 https://t.co/PwvnjhKpTB
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U.S. Bitcoin $BTC ETFs have now surpassed $100 Billion in Total Assets 🚨🥳 https://t.co/eDbsp4fSLM
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U.S. Dollar is now used in 49.1% of global payments, the highest level in more than 12 years 🚨 But BRICS... https://t.co/I4jmwNTfmz
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Deere $DE explodes for its largest gain since February 19, 2021 📈 https://t.co/AJPse6rrJS
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MicroStrategy $MSTR plummeting to levels not seen since Monday 🚨 Stay safe folks 🫂 https://t.co/OdsNToqIGL

Chart of the Day

Turning Point Brands (TPB)

Summary Turning Point Brands (TPB) has shown exceptional price appreciation, gaining 45.94% since the Trend Seeker buy signal on 9/19, with 100% technical buy signals. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions, offering a diverse range of tobacco and non-tobacco products. Fundamental factors...
Read More

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