ADMIS News
COCOA
Cocoa prices continue to face concern with near-term demand prospects, but events this week may show that global chocolate consumption can improve by year-end. For now, however, ample near-term supply may spark increased selling.
COFFEE
After failing to sustain a recovery move earlier in the month, coffee prices appear to have regained some upside momentum this week. The market continues to find support from bullish supply developments.
COTTON
The technical action remains very bullish as the market continues to follow the US stock market. New all-time highs for the stock market has traders believing that cotton demand will remain very strong.
SUGAR
While the sugar market remains overbought and vulnerable to technical corrections, the supply fundamentals continue to suggest Brazilian production will be well below trade expectations.
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