ADMIS News
COCOA
Cocoa prices have been able to extend their recovery move and will start the day on-course for a positive weekly reversal. If global risk sentiment can maintain a positive tone, cocoa may see a strong recovery off of this week’s low.
COFFEE
With bullish developments from the supply side and the demand side of the market, coffee should be able to maintain upside momentum. A more than 1.5% rally in the Brazilian currency provided coffee with carryover support as that will ease pressure on Brazil’s farmers to market their remaining near-term supply.
COTTON
December cotton worked moderately lower yesterday but stayed confined to the range of the past week and a half. The dollar continued its rally that was sparked by hot CPI and PPI numbers this week, sending the December Dollar Index to new contract highs.
SUGAR
Sugar prices continue to see coiling price action, but have rallied as much as 7.2% above the mid-October lows. With bullish Brazilian supply news underpinning the market, sugar can extend this recovery move.
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