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Coffee futures closed strong on daily and weekly charts in New York and held support on weekly charts in London.
Florida fruit harvesting makes for a higher orange juice production this week. Palm oil closed higher despite the short week due to Malaysian elections.
More soybean and soybean meals were sold last week in anticipation of China’s retaliation against the Trump administration’s trade tariffs.
Cotton suffers from poor export sales report from USDA, while coffee, sugar and cocoa closed higher.
Sub-freezing temperatures drove the US wheat markets while demand remains strong for oats and corn.
Prices of wheat, corn and oats have dipped in the U.S. but things are looking good for sugar, cotton and orange juice.
US crop prices continue to be volatile due to several factors like the weather, and exports from other countries.
The grain markets in the U.S. continue to be volatile with wheat prices down while others like corn improve.
FCOJ closed lower last week, but still, could be trying to find a short term bottom.