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Coffee futures closed strong on daily and weekly charts in New York and held support on weekly charts in London.
Corn rallies are looking optimistic, closing strong on weekly export sales. US cotton futures are weak owing to bad crop conditions.
Hurricane season on some states causes speculative buying on FCOJ. Corn and soybeans are looking bright as both crops closed strong on Friday.
Wheat is looking optimistic as spring plantation offsets previously weak crop productions. Orange juice is possible to rally behind due to bad weather.
Weekly charts closed strongly for palm oil and vegetable oils as stock and demand rise due to a trade shift in the US-China dispute.
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.
Favorable weather conditions helped cocoa, cotton and frozen concentrated orange juice and citrus to close higher last week.
La Niña and winterkill hit stocks of U.S. wheat. Cocoa's on the rise and is on demand, while sugar closed lower this week despite the cheaper...
Cotton suffers from poor export sales report from USDA, while coffee, sugar and cocoa closed higher.