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(Reuters) – In the small town of Marcala in the western mountains of Honduras, farmers are harvesting more coffee than ever before, part of a nationwide push to capitalize on higher prices that has doubled production in less than 10 years. But the boom comes with a cost. The coffee is coming in faster than [...]
Continue Reading →DES MOINES, Iowa (Agriculture.com)–Allready digested export sales, left the CME Group corn, soybean and wheat markets with little fresh news to trade Thursday. The July corn futures settled 1 cent higher at $6.12 1/2. The July soybean contract closed 11 3/4 cents lower $14.73 1/2. The July wheat futures finished 1/4 of a cent higher [...]
Continue Reading →US agriculture officials confirmed a new case of mad cow disease in California, sending cattle prices down sharply on fears that domestic and international demand for beef would wane. Past reports of the disease rocked the livestock market in 2006, and in 2003, when importing countries in Asia banned US beef. But in the current [...]
Continue Reading →Raw sugar fell to a 10-month low on renewed concern that Europe’s debt crisis will crimp global economic growth, eroding commodity demand. Cocoa dropped, while coffee rose. U.S. and European equities declined after Intel Corp. and International Business Machines posted the slowest sales growth in years and bad loans surged in Spain. India, the world’s [...]
Continue Reading →Europe’s taste for chocolate proved sweet for cocoa on Friday. Prices for the commodity in New York and London jumped on better-than-expected European cocoa-grindings data. Cocoa grindings, which are seen as a barometer of demand for chocolate, had been expected to drop between 2% and 5% for the first quarter of 2012. Instead, the amount [...]
Continue Reading →* Market holds support at $1.40 as specs cover * Florida weather stays ideal NEW YORK, April 12 (Reuters) – Orange juice futures settled higher on Thursday on speculative short-covering as the market recovered after closing at an 18- month low on Wednesday, but ample supplies still have most players bearish on the market, analysts [...]
Continue Reading →Jack Scoville, PRICE Futures Group vice president, says profit-taking in the beans after the numbers today. “The report today was bullish, but not a bullish shock and with the grains very soft it looks like beans are finally taking the gas. Seems to be spec- selling, as my farmers and commercials are quiet,” Scoville says. [...]
Continue Reading →Arabica coffee futures on ICE soared nearly 5% in technical trading Tuesday, on heavy short-covering in a market that was seen as unsustainably oversold. It was arabica’s biggest one-day jump in five months as speculators, who currently hold the biggest net short position in more than six years, appeared to panic that they were leaning [...]
Continue Reading →* Market bounces on buying by small speculators * Trade digests bearish outlook for juice futures NEW YORK, March 26 (Reuters) – Orange juice futures settled higher on Monday on buying by small speculators as the market rebounded from a three-month low, with the longer-term outlook for juice futures seen staying bearish, dealers said. The [...]
Continue Reading →Sugar futures fell more than 3 percent on Monday after a widely expected decision by India to approve a further 1 million tonnes of exports of the sweetener, but the rest of the softs complex dawdled due mainly to a dearth of leads. Cocoa futures crawled higher, while coffee futures traded mixed in modest dealings. [...]
Continue Reading →Soybeans close sharply higher DES MOINES, Iowa (Agriculture.com)–Lower South American production estimates, a lower U.S. Dollar, and talk of China buying, helped soybean prices close up double-digits Friday. The July corn futures settled 1 3/4 cents higher at $6.44 1/2. The July soybean contract settled 15 cents higher at $13.71 3/4. The July wheat futures [...]
Continue Reading →NEW YORK, March 20 (Reuters) – IntercontinentalExchange Inc said on Tuesday it will introduce circuit breakers for certain ICE Futures Europe contracts, including Brent crude, and for U.S. softs futures like cocoa and sugar, to cut down on the likelihood of extreme market volatility. The Atlanta-based exchange operator first rolled out circuit breakers, or [...]
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