ADMIS News
COCOA
July cocoa was unable to hold onto early strength and fell to a new 3-week low yesterday. The latest Ivory Coast weekly port arrivals total came in well above the comparable period last year, which pressured the market as it indicated the market is currently well supplied.
COFFEE
Coffee prices have dealt with near-term demand issues, lukewarm global risk sentiment and sluggish key outside markets to hold their ground near the early May highs. A bullish 2021/22 supply outlook was reinforced by updated estimates for the world’s top-producing nation that should keep coffee well-supported at current price levels.
COTTON
With the improving moisture profile for Texas, the market looks vulnerable to additional long liquidation selling. December cotton closed lower yesterday after trading higher earlier in the session. The dollar was weaker, with the June Dollar Index falling below its February low and trading to its lowest level since January 7, and this lent some support to cotton.
SUGAR
Sugar prices remain well below their early May highs, but they have lifted clear of their late April lows in spite of little carryover support from their key outside markets. While there are growing demand concerns from the world’s top-consuming nation, bullish supply developments can help sugar to maintain upside momentum this week.
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2021 ADM Investor Services International Limited.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
