The US government implied last week that negotiations on a complete deal could be wrapped up this month.
The US-China trade talks continued. Enough progress was made that the US, including the president, made noises about postponing and increase in tariffs.
Demand from the mills is said to be quiet, but exports are going strong, with US prices deemed competitive in Latin America and the Caribbean Basin.
With El Nino in the forecast, Brazil could be affected by drought which could hurt its coffee production. Meanwhile, India will explore ethanol use for surplus...
Poor petroleum futures have affected the commodities market in the past week. Cotton had improved sales in China while there are plenty of sugar supplies.
Export demand for cotton needs to improve for prices to rally while coffee futures were high last week.
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.
As Mexico challenges U.S. tariffs, rice imports struggled to keep up. Cotton delivers another success following its triumphant harvest last week.