Latest news with #ArabicaCoffee
Yahoo
03-07-2025
- Business
- Yahoo
Hogs Falling on Thursday
Lean hog futures posted are down $1.27 to $1.92 so far on Thursday. USDA's national base hog price was back down $2.73 in the Thursday AM report, with negotiated trade at $109.36. The CME Lean Hog Index was down 77 cents at $110.22 on July 1. Today will be the last trade day of the week due to Independence Day on Friday. The government will also be closed. The weekly Export Sales report indicated a total of just 27,130 MT of pork was sold in the week of 6/26, a 3-week low. Mexico was the top buyer of 15,200 MT, with 4,300 MT sold to Japan. Shipments were tallied at a 4-week low of 30,068 MT. The top destination was Mexico at 12,000 MT, with 4,300 MT headed to China. Arabica Coffee Prices Are Falling. How Much Lower Will They Go? Brazil Coffee Harvest Pressures Weigh on Prices Coffee Prices Fall as Pace of Brazil's Coffee Harvest Accelerates Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Monthly export data per the Census release showed 564.6 million lbs of pork shipped in May when converted to a carcass basis. That was a 3-year low for the month and down 3.1% from April. USDA's c morning FOB plant pork cutout value was down another $1.25 at $109.50. The picnic was the only prial reported higher. Federally inspected hog slaughter for Tuesday as estimated at 482,000 head by USDA, taking the WTD total to 1.423 million head. That is up 9,000 head from last week and 7,701 head above the same week last year. Jul 25 Hogs closed at $108.050, down $1.600, Aug 25 Hogs closed at $105.975, down $1.925 Oct 25 Hogs closed at $91.725, down $1.275, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Bloomberg
29-06-2025
- Business
- Bloomberg
Arabica Coffee Jumps as Risk of Frost Deepens in Brazil
Arabica coffee futures jumped by the most in more than two weeks, rebounding after last week's selloff as top grower Brazil faces cold weather. The most-active contract rose as much as 3.8% in New York as the risk of frost in Brazil emerges and technical indicators signaled last week's drop in prices may have been overdone. Futures dropped nearly 9% last week, and on Friday touched the lowest level since last December.
Yahoo
19-06-2025
- Business
- Yahoo
Sugar Futures Remain Bearish- Can the Sweet Commodity Rally?
I asked in a Barchart article if the price consolidation of sugar would end on May 2, 2025. I concluded: Given the price action in Arabica coffee, cocoa, and FCOJ futures over the past months, sugar could offer value. Deferred sugar futures at prices lower than the nearby contract do not reflect the potential for supply issues in the world free-market sugar market. What We Know About Soybeans Sugar Futures Remain Bearish- Can the Sweet Commodity Rally? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! July sugar futures were at the 17.05 cents level on May 2 and were around the 16.00 cents per pound level on June 18, in a bearish trend. Events in the Middle East could lead to a recovery in sugar due to their correlation with oil prices. The nearby continuous sugar futures contract reached a high of 20.19 cents per pound on February 6, 2025, marking the peak for 2025. The chart shows a pattern of lower highs and lower lows, which sent the July sugar futures to a 15.80 cents per pound low on June 18. At below 16 cents, world sugar futures remain in a bearish trend just above the most recent low. The monthly chart highlights the bearish trend since November 2023, when the price reached a multi-year high of 28.14 cents per pound. The monthly chart illustrates that critical technical support for world sugar futures is now at the March 2021 low of 14.67 cents. Resistance is at the September 2024 high of 23.64 cents. At around 16 cents, sugar futures remain in a longer-term bearish trend. While the United States refines corn into ethanol for blending with gasoline, Brazil, the world's leading sugarcane producer, processes the sweet commodity into biofuel. Therefore, higher crude oil and gasoline prices could put upward pressure on world sugar futures as increased energy demand limits Brazil's sugar exports. The daily NYMEX crude oil futures chart for July delivery highlights the 42.9% rally from $54.33 on April 9 to $77.62 per barrel on June 13. Over the same period, nearby NYMEX gasoline futures prices rallied 24% from $1.8720 on April 9 to $2.3208 per gallon wholesale on June 18. The turmoil in the Middle East could send crude oil and gasoline prices substantially higher over the coming days, weeks, and months. Higher energy prices would likely cause an increase in Brazilian domestic sugar consumption, reducing exports and putting upward pressure on prices. Therefore, higher crude oil and gasoline are not bearish for the world sugar futures. Given the price action in cocoa, coffee, and frozen concentrated orange juice futures over the past months, world sugar could be close to a significant low. The soft commodities sector led the raw materials asset class in 2023 and 2024, with prices of cocoa, coffee, and FCOJ reaching new record highs. While sugar and cotton futures have lagged, they still offer value in the soft commodities sector as of June 2025. Since sugar's trend remains bearish, any long risk positions require tight stops. Bullish market participants in the world sugar arena should be willing to accept short-term small losses in the quest for greater long-term gains when the bearish price action forms a bottom and sugar's price recovers. The most direct route for a risk position in world sugar is the futures and futures options on the Intercontinental Exchange. The world sugar futures market is liquid, with open interest, the total number of open long and short positions, over the 880,000 contract level. Each sugar futures contract contains 112,000 pounds. At 16 cents per pound, the contract value is $17,920. The original margin of $1,218 per contract means that market participants can control $17,920 worth of sugar for a 6.8% down payment. The exchange requires a maintenance margin if equity drops below $1,108 per contract. The Teucrium Sugar ETF product (CANE) owns three sugar futures contracts, excluding the nearby contract to minimize roll risks. At $10.91 per share, CANE had over $9.87 million in assets under management and trades an average of 29,899 shares daily. CANE charges a 0.22% management fee. The chart shows that CANE has followed the same bearish trend as nearby sugar futures in 2025, as the ETF does an excellent job tracking the sweet commodity's price action. Sugar futures could offer value at around the 16 cents per pound level in mid-June. However, long risk positions require tight stops as the bearish trend remains firmly intact. On the date of publication, Andrew Hecht did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
