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Quarterly Grind Numbers For Cocoa

COCOA

Cocoa prices continue to be weighed down by near-term demand concerns, but they have held their ground above the April lows in front of critical data later this week. If the market can avoid sluggish global risk sentiment as well as negative surprises from quarterly grindings results, cocoa can see an extended upside move.

COFFEE

Coffee prices had a bumpy start to the week, but appear to have regained upside momentum in spite of weakness in a key outside market. With a bullish supply outlook continuing to provide strength, coffee should be able to extend its April recovery move.

COTTON

The cotton market experienced a sharp setback on Monday as outside market forces carried a bearish tilt. Grain markets experienced aggressive long liquidation selling and the market sees the short-term condition as overbought.

SUGAR

The market seems to have the fundamentals to turn higher over the near term led by the potential for lower production from France and Brazil. While there is still more cold weather moving into France, beet growers believe the previous cold snaps in the past week have destroyed between 30,000 and 50,000 hectares of French sugar beet.

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