Strong Recovery For Cotton
While cocoa’s updraft ran out of steam going into the weekend, the market will finish the week and month well above its December/February consolidation zone.
While coffee saw choppy price action of the last 3 sessions of February, it will start out March at the highest price levels since the start of 2020.
The sweeping reversal in Cotton from an extreme overbought level on Thursday leaves the short-term trend down, and other industrial commodity markets last week also experienced aggressive selling.
While sugar has a bullish supply/demand outlook, its key outside markets finished the month on a downbeat note.
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