ADMIS News
COCOA
Cocoa’s inability to benefit from strength in key outside markets is more evidence of the pressure it is receiving from near-term demand issues. If global risk sentiment continues to improve, that may boost longer-term demand prospects.
COFFEE
Coffee prices will start out today’s trading more than 7 cents above Monday’s low and on-track for a sizable weekly gain. While the market will continue to deal with near-term demand concerns, coffee should find support from bullish supply-side developments to extend this recovery move.
COTTON
As long as there are no major trade issues emerging with China, the market looks poised to push higher. The weekly export sales showed some improvement over last week and the dollar index fell to its lowest level since March 23, both of which were supportive to cotton.
SUGAR
While sugar prices have had a bumpy ride over the past two sessions, they have lifted clear of last week’s low and are on-track for a positive weekly result. If global risk sentiment continues to stay positive, sugar prices can extend the recovery move.
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