Benchmark NY cocoa sets contract low

Mar-18 ICE settled lower this Friday, surprisingly hitting a fresh contract low after breaking support between $1,860 and $1,865. With conditions favorable for West Africa’s crop, fundamentals were in the driver’s seat, with profit-selling also in play. Ivory Coast arrivals are still running behind [...]

While no one is paying attention, the U.S. plains are turning unusually dry

As everyone’s focus is on South America, the U.S. plains seem to be getting drier by the day, a phenomenon that could carry on into the spring. According to the U.S. Drought Monitor, 55 percent of the country is drier than normal compared to [...]

By |December 18, 2017|Categories: Weather|Tags: , |0 Comments