ADMIS News
COTTON
The market remains in a steady uptrend channel as the surge in the stock market and the strong and very liquid economy help to support. December cotton closed lower Friday but closed higher for the second week in a row. Dry weather West Texas may hold Dec cotton in uptrend.
COCOA
Although near-term demand concerns continue to shadow the market, cocoa now has more evidence that global demand has been improving since the middle of last year and should keep an upward trajectory over the second quarter. For the week, July cocoa finished with a gain of 77 points (up 3.2%) which broke a 4-week losing streak.
COFFEE
The market has a bullish supply outlook and improving demand prospects, so it should stay fairly well supported on near-term pullbacks. For the week, July coffee finished with a gain of 2.05 cents (up 1.6%) and a second positive weekly result in a row.
SUGAR
Sugar prices have only had one negative daily result over the past 10 sessions and are back within striking distance of a new multi-year high. Sugar has bullish supply factors that should keep the market well supported on near-term pullbacks.
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