ADMIS News
COCOA
Cocoa’s whipsaw action during the month of July so far has resulted in 3 price moves that were each more than 140 points or larger. With near-term demand concerns remaining as a front-and-center issue for the market, cocoa is likely to remain on the defensive.
COFFEE
As weather concerns were eased, coffee saw a sharp change in tone that broke a 3-session winning streak. The market remains above its 50-day moving average and well above its recent lows, however, as a still-bullish global supply outlook should provide underlying support.
COTTON
December cotton traded to a high just under 90.00 for four sessions in a row before collapsing to trade sharply lower on the session yesterday. The selling drove the market down to the lowest level since July 8.
SUGAR
While sugar prices gave back most of their gains from the Thursday/Friday rally, the market is holding its ground above the mid-July low and its mid-June lows. If global risk sentiment and key outside markets can regain some strength, sugar prices may be close to finding a near-term floor.
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.
