ADMIS News
COCOA
In spite of carryover support from key outside markets and bullish supply-side developments, cocoa has been unable to sustain an upside move since reaching a multi-year high early this month. With near-term demand remaining a front-and-center issue for the market, cocoa prices could remain choppy.
COFFEE
Coffee prices have sustained upside momentum for 2 sessions in a row and are on-track for a positive weekly reversal. With global demand concerns starting to ease, a bullish longer-term supply outlook can help the coffee market extend this recovery move.
COTTON
December cotton rallied sharply yesterday, and in the process recovered all its losses from the selloff on Monday. The stock market was up as well and managed to recover all its losses from Monday that occurred in the wake of the Evergrande debacle, and that was supportive to economically sensitive markets like cotton.
SUGAR
The sugar market has regained upside momentum and is now on-track for a positive weekly reversal. If key outside markets and global risk sentiment remain positive, sugar should be able to remain in a short-term uptrend.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
