2023 FCOJ contracts find support at 20-day average
In the first week of August, Sep-23 FCOJ drifted lower from its late-July contract high near 317.75 cents per ps, finding support the first [...]
#11 sugar futures continued to rise in early April
Following March’s sideways trading below 21.50 cents, nearby May-23 #11 world raw sugar settled at a fresh high of 23.61 in early April. Support [...]
Corn market bullish after WASDE
Futures activity Mar-23 futures rallied 21 cents per bushel last week, back up to $6.75 per bushel. S&D and fundamental factors Argentina’s crop outlook [...]
NY cocoa rebounds off Monday’s new contract low
On Friday, Sep. 26, the most active Dec-22 NY cocoa contract closed below the lower Bollinger Band and prior retracement support below $2,290. The [...]
Surging greenback could help press pause on dollar-denominated commodities
Interest rates were increased by 50 basis points in an early-May Fed meeting, and there was strong insinuation the move would be followed by [...]
Chinese purchases of U.S. corn on the rise
Futures activity Corn futures pushed back up last week to above $8 per bushel. Jul-22 futures rose 24 cents per bushel, from $7.89 to [...]
Soy complex futures rise despite higher stocks
Futures activity Despite what most would consider a bearish WASDE report (at least for domestic soybeans and soybean oil), soy complex futures ended last [...]
Corn rises to new highs
Corn futures closed higher each day last week off support from soybeans, the weakening dollar, and extended weather forecasts showing drier conditions in South [...]