The Latest Breaking News from El Nino

Sugar Prices Retreat as Crude Oil Plunges

Oct NY world sugar #11 (SBV23 ) on Wednesday closed -0.19 (-0.78%), and Oct London white sugar #5 (SWV23 ) closed -2.50 (-0.36%). Sugar prices Wednesday gave up an early advance and turned lower after a -2% plunge in crude prices sparked long liquidation in sugar futures. Weak crude prices...

Barchart · Aug 2, 2023

Coffee Prices Underpinned by Tight Supplies

Sep arabica coffee (KCU23 ) on Wednesday closed up +2.40 (+1.46%), and Sep ICE robusta coffee (RMU23 ) closed up +39 (+1.48%). Coffee prices Wednesday settled moderately higher, with arabica posting a 5-week high. Coffee prices are climbing on signs of ever-tighter supplies. ICE-monitored robusta coffee inventories on Wednesday fell...

Barchart · Aug 2, 2023

Ever Tighter Coffee Supplies Pushes Prices Higher

Sep arabica coffee (KCU23 ) this morning is up +3.00 (+1.82%), and Sep ICE robusta coffee (RMU23 ) is up +43 (+1.63%). Coffee prices this morning are moderately higher, with arabica posting a 5-week high. Coffee prices are climbing on signs of ever-tighter supplies. ICE-monitored robusta coffee inventories on Wednesday...

Barchart · Aug 2, 2023

Coffee Prices Settle Sharply Higher on Tight Supplies

Sep arabica coffee (KCU23 ) on Monday closed up +6.75 (+4.27%), and Sep ICE robusta coffee (RMU23 ) closed up +33 (+1.28%). Coffee prices Monday rose sharply on tightness in supplies. ICE-monitored robusta coffee inventories last Friday fell to a record low of 5,205 lots (data history back to 2016)....

Barchart · Jul 31, 2023

Coffee Prices Jump on Tight Supplies

Sep arabica coffee (KCU23 ) this morning is up +6.00 (+3.80%), and Sep ICE robusta coffee (RMU23 ) is up +39 (+1.51%). Coffee prices this morning are sharply higher on tightness in coffee supplies. ICE-monitored robusta coffee inventories last Friday fell to a record low of 5,205 lots (data history...

Barchart · Jul 31, 2023

Are we headed for a perilous summer of extreme heat and wildfires?

As we watch the flames of the northern summer, are we headed into that, too?

The Canberra Times · Jul 28, 2023

Coffee Closes Lower on Brazil Harvest Pressures

Sep arabica coffee (KCU23 ) on Friday closed down -3.55 (-2.20%), and Sep ICE robusta coffee (RMU23 ) closed down -85 (-3.18%). Coffee prices Friday settled moderately lower. After posting a 1-month high on Monday, arabica coffee prices have been under pressure the remainder of the week as dry conditions...

Barchart · Jul 28, 2023

Sugar Prices Fall on Ramped-Up Sugar Production in Brazil

Oct NY world sugar #11 (SBV23 ) on Friday closed -0.51 (-2.09%), and Oct London white sugar #5 (SWV23 ) closed -8.00 (-1.17%). Sugar prices Friday dropped to 1-week lows on signs of ramped-up sugar production in Brazil. On Tuesday, Unica reported that Brazil Center-South sugar output in the first...

Barchart · Jul 28, 2023

Brazil Harvest Pressures Weigh on Coffee Prices

Sep arabica coffee (KCU23 ) this morning is down -3.10 (-1.92%), and Sep ICE robusta coffee (RMU23 ) is down -77 (-2.88%). Coffee prices this morning are moderately lower. After posting a 1-month high on Monday, arabica coffee prices have steadily declined as dry conditions in Brazil have accelerated the...

Barchart · Jul 28, 2023

Coffee Prices Settle Mixed as Brazil Harvest Pressures Undercut Arabica

Sep arabica coffee (KCU23 ) on Thursday closed down -1.70 (-1.04%), and Sep ICE robusta coffee (RMU23 ) closed up +31 (+1.17%). Coffee prices Thursday settled mixed. Arabica was under pressure as dry conditions in Brazil accelerated the country's coffee harvest. Cooxupe, Brazil's coffee export cooperative, reported Wednesday that Brazil's...

Barchart · Jul 27, 2023