ADMIS News
COCOA
For much of the 2020/21 season which ended on September 30, cocoa prices felt pressure from the supply and demand sides of the market. Cocoa saw a sharp turnaround last week, climbing more than 170 points (+6.7%) after putting in a four-week low on Tuesday as the 2021/22 season will begin with a notable change in tone on the production side.
COFFEE
Coffee prices started October and the fourth quarter by breaking out of their near-term consolidation zone as bullish supply factors in Brazil and an improving global demand outlook are providing underlying support to the market. With both likely to continue through the end of this year, coffee should be heading for a retest of its 2021 high.
COTTON
December Cotton rallied 21% in nine trading sessions, and it posted new contract highs for five straight sessions. If global economic concerns emerge, buyers could back away, and sellers could turn more active.
SUGAR
Sugar continues to see coiling price action. With key outside markets and Brazilian supply issues working in its favor, sugar could turn back to the upside soon. For the week, March sugar finished with a gain of 13 ticks (up 0.7%) which was a third positive weekly result in a row.
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