The Latest Breaking News from El Nino

Sugar Extends Thursday's Gains on Outlook for Weaker Thailand Sugar Output

March NY world sugar #11 (SBH24 ) on Friday closed +0.58 (+2.22%), and Dec London white sugar #5 (SWZ23 ) closed +11.90 (+1.71%). Sugar prices on Friday extended Thursday's gains on concerns about smaller global sugar output. The USDA's Foreign Agricultural Service (FAS) on Thursday projected that Thailand's 2023/24 sugar...

Barchart · Oct 6, 2023

Arabica Coffee Recovers Early Losses as the Brazilian Real Rebounds

Dec arabica coffee (KCZ23 ) on Friday closed up +0.65 (+0.45%), and Nov ICE robusta coffee (RMX23 ) closed down -19 (-0.80%). Coffee prices on Friday settled mixed, with robusta falling to a 5-3/4 month low. Arabica coffee on Friday recovered from an 8-3/4 month low and moved higher after...

Barchart · Oct 6, 2023

A Rebound in the Brazilian Real Sparks Short-Covering in Arabica Coffee

Dec arabica coffee (KCZ23 ) this morning is up +0.50 (+0.34%), and Nov ICE robusta coffee (RMX23 ) is down -20 (-0.84%). Coffee prices this morning are mixed, with robusta falling to a 5-3/4 month low. Arabica today recovered from an 8-3/4 month low after the Brazilian real (^USDBRL )...

Barchart · Oct 6, 2023

'It's fairly grim': Newcastle falls into drought

El Nino climate pattern points to a hot dry summer across the Hunter.

Newcastle Herald · Oct 5, 2023

Coffee Prices Fall as Dry Conditions Ease in Brazil

Dec arabica coffee (KCZ23 ) on Wednesday closed down -2.40 (-1.61%), and Nov ICE robusta coffee (RMX23 ) closed down -30 (-1.24%). Coffee prices on Wednesday settled moderately lower, with robusta dropping to a 5-3/4 month low. Improved weather conditions in Brazil have sparked fund selling of coffee futures. Forecasts...

Barchart · Oct 4, 2023

Forecasts for Frequent Rain in Brazil Spurs Short Covering in Sugar

March NY world sugar #11 (SBH24 ) on Wednesday closed +0.26 (+1.01%), and Dec London white sugar #5 (SWZ23 ) closed +2.10 (+0.30%). Sugar prices Wednesday recovered from 5-week lows and closed moderately higher. Short covering emerged in sugar futures Wednesday after Rural Clima Meteorlogia said Brazil's top sugar cane...

Barchart · Oct 4, 2023

Easing of Dry Conditions in Brazil Slams Coffee Prices

Dec arabica coffee (KCZ23 ) this morning is down -2.60 (-1.75%), and Nov ICE robusta coffee (RMX23 ) is -31 (-1.29%). Coffee prices this morning are moderately lower, with robusta dropping to a 5-3/4 month low. Improved weather conditions in Brazil have sparked fund selling of coffee futures. Forecasts for...

Barchart · Oct 4, 2023

'Miracle' water year in California: Rain, snow put state's reservoirs at 128% of historical average

California has ended its water year with above average rain and snow, making it one of the wettest years in recorded state history

The Independent UK · Oct 3, 2023

Rain in Brazil Weighs on Coffee Prices

Dec arabica coffee (KCZ23 ) on Tuesday closed down -0.35 (-0.23%), and Nov ICE robusta coffee (RMX23 ) closed down -51 (-2.07%). Coffee prices Tuesday posted moderate losses, with robusta falling to a 3-week low. Forecasts for rain in Brazil's coffee-growing regions have eased dryness concerns and sparked the selling...

Barchart · Oct 3, 2023

Weakness in the Brazilian Real Undercuts Sugar Prices

March NY world sugar #11 (SBH24 ) on Tuesday closed -0.68 (-2.58%), and Dec London white sugar #5 (SWZ23 ) closed -12.60 (-1.80%). Sugar prices Tuesday tumbled to 5-week lows. Weakness in the Brazilian real (^USDBRL ) undercut sugar prices after the real on Tuesday dropped to a 6-month low...

Barchart · Oct 3, 2023