Explore Special Offers & White Papers from ADMIS

Impressive Gains in Cotton


With bullish supply-side developments providing underlying support, a likely recovery in global demand when COVID vaccines come into widespread use can help cocoa prices maintain upside momentum over the near-term. For the week, March cocoa finished with a gain of 10 points (up 0.4%) and a second positive weekly result in a row.


Coffee finished a challenging year for demand as a significant portion of its consumption normally occurs at restaurants and retail shops which were shuttered or are operating at lower capacity because of the COVID pandemic. As vaccines are disseminated in the coming year, these measures should be relaxed which can help coffee prices maintain upside momentum.


March cotton closed moderately higher on Thursday after trading to its highest level since December 2018 basis the nearby contract and the market drove sharply higher overnight. The market also posted its largest annual increase since 2010.


Sugar finished 2020 with an 8-session winning streak and has risen for 8 months and 3 quarters in a row. The move above the November highs this morning leaves 16.26 as next upside target.

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started