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Tag Archives: Coffee

Commodities Corner: Lean Hogs Rally to Record High, Coffee Slips on Suez Canal Relief

Spilling a Cup of Cocoa   Cocoa futures ended the trading week below $2,400 per metric ton as demand concerns weighed on the agricultural commodity. Contracts are settling near their lowest levels since the beginning of November.   Cocoa’s direction is being mostly driven by the resurgence of coronavirus infections across Europe, a major market for the crop. As COVID-19 cases skyrocket, many jurisdictions are...

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Commodities Week in Review: March 29 to April 2

Commodities Week in Review: March 29 to April 2 Agriculture  The biggest story this week in the agricultural commodities market was the US Department of Agriculture’s (USDA) 2021 Prospective Plantings report that sent prices soaring. The USDA stated the domestic farmers will plant lower soybean and corn acreage than what market analysts had initially anticipated. This triggered a massive rally on Wednesday, hitting a daily...

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Commodities Week in Review: March 22 to March 26

Agriculture  Most of the hard and soft agricultural commodities took a noticeable hit this week as the industry joined the broader market decline. As investors rebalance their portfolios and transition to various sectors, agricultural investments suffered a slump. Moreover, Treasury yields rose, the US dollar strengthened, and various supply and demand factors weighed on several crops. Cocoa  Friday Settlement:...

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Coffee Rallies amid Suez Canal Blockage, Industry Warns of Shortages, Higher Prices

Coffee futures are rallying to close out the trading week, buoyed by concerns over a global shortage amid a shipping container crisis. While all the focus is on the backup in the Suez Canal, the industry has been facing an underreported crisis that could impact a broad array of goods, particularly in the agriculture industry. Despite its lackluster performance in 2021, could coffee be brewing up...

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Commodities Week in Review: March 15 to March 19

Commodities Week in Review: March 15 to March 19 Agriculture  It was a rough trading week for most of the hard agricultural commodities, with China coming into focus and a stronger US dollar. It is being reported that the world’s largest agriculture consumer is witnessing a resurgence of the African swine flu, the same disease that decimated its hog supply in 2018 and 2019. Investors have been cautious that...

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Commodities Corner: Coffee Brews Up a Rally, Platinum Shines Again

It’s Deja Brew All Over Again  Coffee futures had a great week among the soft commodities, finding support on a weaker Brazilian real and a somewhat higher US dollar. This year, coffee prices have risen based on strengthening foreign demand, outpacing supplies and inventories in South American countries, particularly Brazil.  In recent weeks, it has been the consensus that Brazil’s harvest would be weaker than initially anticipated...

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Commodities Week in Review: March 8 to March 12

Commodities Week in Review: March 8 to March 12 Agriculture  The major agricultural commodities took a break from their monumental 2021 rally this week, despite a bullish World Agricultural Supply and Demand Estimates (WASDE) report from the US Department of Agriculture (USDA) that suggested tightening supplies and strengthening foreign demand. The slide in soybeans, corn, and wheat may have been caused by the volatility...

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Commodities Week in Review: March 1 to March 5

Commodities Week in Review: March 1 to March 5 Agriculture  Most agricultural commodities joined the decline in the broader financial markets this week. As the US dollar strengthened and Treasury yields rallied, crops took a beating, with soybeans one of the few commodities to enjoy a modest weekly gain. Agriculture ostensibly took a breather since starting the commodities supercycle trend. Will crops shake it off...

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Commodities Corner: Bitcoin Crashes 16%, Copper Scores Best Month Since 2016

Get Rich or Die Mining?   Bitcoin, the peer-to-peer decentralized digital currency, is coming off its worst week in almost a year. Investors sold off their riskier assets in the global financial markets amid international bond yields going through the roof. As a result, traders were ditching non-yielding assets in favor of something more solid. Bitcoin exchange-traded funds (ETFs) also recorded substantial launches, flipping negative soon...

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Commodities Week in Review: February 22 to February 26

Commodities Week in Review: February 22 to February 26 Agriculture  As the broader financial markets suffered significant losses in the final trading week of February, most of the agricultural commodities presented decent gains. Rising Treasurys, portfolio rebalances, and inflation fears weighed on equities, sparking predictions that the financial markets are going through a reflation trade: economic growth and accelerating inflation. Overall, agriculture had a superb week and an excellent...

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