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Upside Momentum in Sugar

SUGAR

While sugar prices remain in close proximity to last Thursday’s 11-week low, they have put together back-to-back positive daily results for the first time since mid-March. Although key outside markets remains volatile, sugar has bullish supply/demand factors that can help sustain upside momentum.

COCOA

While near-term demand will remain a concern for the market, cocoa is probing for some type of near-term low. The Eurocurrency rallied to a 2-week high following a positive 5-year Euro zone household spending forecast from an ECB official.

COFFEE

Coffee has been pressured by near-term demand concerns which have made it difficult for prices to sustain upside momentum. With the market more than 20.00 cents below its late February highs, bullish longer-term supply factors are starting to underpin prices again.

COTTON

The market is still operating under the positive technical influence of the March 26th reversal. The charts turn positive on a minor rally. Traders were talking about spec buying emerging after a devastating March.

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Registered in England No. 2547805 a subsidiary of Archer Daniels Midland Company. Risk Warning: Investments in Equities, CFDs, 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 indeed may incur additional liabilities. These Investments may entail above average financial risk of loss, and investors should therefore carefully consider whether their financial circumstances and investment experience permit them to invest and, if necessary, seek the advice of an independent Financial Advisor. Some services described are not available to certain customers due to regulatory constraints either in the United Kingdom or elsewhere.

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