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The Latest Breaking News from USDA

Sugar Prices Mixed after Higher Indian Sugarcane Production Forecast

May NY world sugar #11 (SBK24 ) Wednesday closed up +0.04% (+0.18%), and May London ICE white sugar #5 (SWK24 ) closed -1.10 (-0.18%). Sugar prices saw downward pressure after the Indian Sugar and Bioenergy Manufacturers Association Wednesday raised its forecast for India's sugarcane production in the 2023-24 marketing year...

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Sugar Prices Fall on Higher Indian Sugarcane Production Forecast

May NY world sugar #11 (SBK24 ) today is down -0.06 (-0.27%), and May London ICE white sugar #5 (SWK24 ) is down -2.50 (-0.41%). Sugar prices fell after the Indian Sugar and Bioenergy Manufacturers Association today raised its forecast for India's sugarcane production in the 2023-24 marketing year (that...

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Arabica Coffee Prices Fall to 1-1/2 Week Low

May arabica coffee (KCK24 ) today is down -3.85 (-2.07%), and ICE robusta coffee (RMK24 ) is down -64 (-1.94%). May arabica coffee is trading lower on some technical selling with today's 1-1/2 week low. Robusta today fell to a 1-week low. Coffee prices have underlying support from tight inventories....

Barchart

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Sugar Prices Fall on Higher Brazil Sugar Output

May NY world sugar #11 (SBK24 ) on Tuesday closed down -0.06 (-0.27%), and May London ICE white sugar #5 (SWK24 ) closed down -1.40 (-0.23%). Sugar prices on Tuesday fell on news of higher Brazil sugar output in the second half of February. Unica on Tuesday reported that Brazil's...

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Coffee Prices Close Higher on Support from Tight Supplies

May arabica coffee (KCK24 ) on Tuesday closed up +0.90 (+0.49%), and ICE robusta coffee (RMK24 ) closed up +28 (+0.85%). Coffee prices continue to see support from tight inventories. ICE-monitored robusta coffee inventories on February 21 fell to a record low of 1,958 lots, although they recovered modestly to...

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Sugar Prices Lower on Higher Brazil Sugar Output

May NY world sugar #11 (SBK24 ) today is down -0.03 (-0.14%), and May London ICE white sugar #5 (SWK24 ) is down -0.10 (-0.02%). Sugar prices are mildly lower today on a +0.2% rally in the dollar index and on news of higher Brazil sugar output in the second...

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Coffee Prices See Support from Tight Supplies

May arabica coffee (KCK24 ) today is up +1.50 (+0.81%), and ICE robusta coffee (RMK24 ) is up +5 (+0.15%). Coffee prices continue to see support from tight inventories. ICE-monitored robusta coffee inventories on February 21 fell to a record low of 1,958 lots, although they recovered modestly to 2,432...

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Sugar Prices Recover to 1-1/2 Week High

May NY world sugar #11 (SBK24 ) today is up +0.74 (+3.50%), and May London ICE white sugar #5 (SWK24 ) is up +19.90 (+3.33%). Sugar prices today rallied to a 1-1/2 week high on some short-covering after last week's 2-month low. Sugar prices last week showed weakness on rain...

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Sunday Scaries: What I'm Watching This Week In The Grain Markets

The world cash soybean market looks poised to surprise traders as harvest works to wrap up in Brazil just as Chinese buyers look like they may be waking up.

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Sugar Prices Slip on Forecasts for Rain in Brazil

May NY world sugar #11 (SBK24 ) on Friday closed down -0.13 (-0.61%), and May London ICE white sugar #5 (SWK24 ) closed down -6.60 (-1.09%). Sugar prices on Friday posted moderate losses on forecasts for rain in Brazil. On Friday, forecaster Maxar Technologies said that moderate rain is expected...

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Coffee Prices Close Sharply Lower on Forecasts for Rain in Brazil

May arabica coffee (KCK24 ) on Friday closed down -7.00 (-3.64%), and May ICE robusta coffee (RMK24 ) closed down -84 (-2.48%). Coffee prices on Friday closed sharply lower as improved prospects for rain in Brazil eased dryness concerns and spurred long liquidation in coffee futures. Forecaster Maxar Technologies said...

Barchart

Sugar Prices Weighed Down by Forecasts for Rain in Brazil

May NY world sugar #11 (SBK24 ) this morning is down -0.20 (-0.94%), and May London ICE white sugar #5 (SWK24 ) is down -7.90 (-1.31%). Sugar prices this morning are moderately lower on forecasts for rain in Brazil. Forecaster Maxar Technologies said today that moderate rain is expected in...

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Miami-Dade County moves to evict Miami Seaquarium

Miami-Dade County has accused the operators of the Seaquarium of improperly caring for the grounds and animals. In August, the tourist attraction was under fire after the death of Lolita the orca.

WEKU

Troubled Miami Seaquarium ordered to close after high-profile animal deaths

Miami-Dade commission serves eviction papers to owners following scathing federal reports into care of marine mammals

The Guardian - US

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Sugar Prices Close Lower on the Outlook for Higher EU Sugar Acreage

May NY world sugar #11 (SBK24 ) on Thursday closed down -0.17 (-0.79%), and May London ICE white sugar #5 (SWK24 ) closed down -6.90 (-1.13%). Sugar prices on Thursday posted moderate losses on a forecast for higher sugar production in the European Union (EU). Sugar trader Tereos said it...

Barchart

Coffee Prices Finish Sharply Higher on Global Supply Concerns

May arabica coffee (KCK24 ) on Thursday closed up +5.90 (+3.17%), and May ICE robusta coffee (RMK24 ) closed up +72 (+2.18%). Coffee prices on Thursday rallied sharply, with May arabica posting a 2-1/4 month high and May robusta posting a contract high. Also, nearest-futures (H24) robusta soared to a...

Barchart

Sugar Prices Slip on the Outlook for Higher EU Sugar Acreage

May NY world sugar #11 (SBK24 ) this morning is down -0.10 (-0.47%), and May London ICE white sugar #5 (SWK24) is down -4.10 (-0.67%). Sugar prices this morning are moderately lower. Expectations for higher sugar production in the European Union (EU) are weighing on prices today after sugar trader...

Barchart

Robusta Coffee Soars to a Record High on Global Supply Concerns

May arabica coffee (KCK24 ) this morning is up +5.30 (+2.84%), and May ICE robusta coffee (RMK24 ) is up +87 (+2.63%). Coffee prices this morning are sharply higher, with May arabica posting a 2-1/4 month high and May robusta posting a contract high. Also, nearest-futures (H24) robusta soared to...

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Grains: What Do We Already Know About Supply and Demand?

This is not a preview of Friday's USDA Supply and Demand reports. Instead, it is a look at real supply and demand in grains.

Barchart

Cattle Continued to Weaken on Wednesday

Live cattle futures were back down by 22 to 75 cents across the front months for the midweek session. That has April at a $1.20 drop for the week’s move. Feeder cattle futures were $0.92 to $1.30 weaker across the front months at the close. That has the April contract...

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Sugar Closes Higher on Supply Concerns and Brazilian Real Strength

May NY world sugar #11 (SBK24 ) on Wednesday closed up +0.58 (+2.78%), and May London ICE white sugar #5 (SWK24 ) closed up +16.70 (+2.81%). Sugar prices on Wednesday rose sharply on global supply concerns. Sugar trader Alvean said Wednesday that India's 2024/25 sugar output may drop by -9%...

Barchart

Coffee Prices Settle Higher on Brazilian Real Strength and Robusta Supply Concerns

May arabica coffee (KCK24 ) on Wednesday closed up +2.95 (+1.61%), and May ICE robusta coffee (RMK24 ) closed up +129 (+4.06%). Coffee prices on Wednesday moved higher, with robusta coffee climbing sharply. May robusta posted a contract high, and nearest-futures (H24) robusta jumped to a 6-week high. Strength in...

Barchart

Sugar Prices Jump on Global Supply Concerns and Brazilian Real Strength

May NY world sugar #11 (SBK24 ) this morning is up +0.60 (+2.87%), and May London ICE white sugar #5 (SWK24 ) is up +17.20 (+2.89%). Sugar prices this morning are sharply higher on global supply concerns. Sugar trader Alvean said today that India's 2024/25 sugar output may drop by...

Barchart

Projections of Wider Global Sugar Deficits Sparks Short-Covering in Sugar

May NY world sugar #11 (SBK24 ) on Tuesday closed up +0.27 (+1.31%), and May London ICE white sugar #5 (SWK24 ) closed up +1.30 (+0.22%). Sugar prices on Tuesday recovered from 2-month lows and posted moderate gains. Short-covering emerged in sugar futures Tuesday after BP Bunge Bioenergia projected that...

Barchart

Sugar Climbs on Projections of Wider Global Sugar Deficits

May NY world sugar #11 (SBK24 ) this morning is up +0.35 (+1.70%), and May London ICE white sugar #5 (SWK24 ) is up +3.80 (+0.64%). Sugar prices this morning recovered from 2-month lows and are moderately higher. Short-covering emerged in sugar futures today after BP Bunge Bioenergia projected that...

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