ADMIS News
COCOA
After a sluggish finish to July, cocoa prices have held their ground around price levels that provided support during the first half of this year. With a positive longer-term demand outlook providing support, cocoa may be able to extend a recovery move.
COFFEE
While coffee prices have fallen more than 40 cents below last Monday’s highs, the market is showing early signs that it is approaching a near-term low. As the extent of damage from last month’s Brazilian frosts continues to rise, coffee prices may find commercial support.
COTTON
December cotton still looks vulnerable to a significant corrective break as the outlook for higher production and steady demand leaves a bearish tilt for the August USDA key reports. Open interest is high, and this is a sign that buyers have been active since late June.
SUGAR
Sugar prices have found their footing following a negative weekly key reversal and remain well above their mid-July lows. Although key outside markets have seen inconsistent action over the past few weeks, sugar should be underpinned by bullish Brazilian supply developments.
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.
