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Short Term Demand Woes Continue in Cocoa

COCOA

Cocoa prices were able to break a 4-session losing streak, but remain on-track for a fourth negative weekly result in a row. With near-term demand concerns a source of pressure after the Valentine’s Day holiday, cocoa looks to have further downside left to go.

COFFEE

From reaching a 4 1/2 week low last Friday, the coffee market has seen an abrupt change in fortune this week as near-term demand concerns have been unable to apply lasting pressure on prices. With bullish supply developments providing support, coffee looks set for a continued advance.

COTTON

March cotton closed higher again on Thursday after trading to another new contract high. The market has closed higher for five sessions straight, and the nearby contract has traded to its highest level since August 2018.

SUGAR

Sugar is closing in on finishing the tenth month of a longer-term uptrend in which prices have risen more than 55% in value and reached multi-year highs. While technical indicators have reached near-term overbought status and a key outside market has taken a negative shift, sugar prices should find decent support.

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.

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