The Latest Breaking News from USDA

Robusta Coffee Soars to a Record as USDA Cuts its Global Production Estimates

March arabica coffee (KCH24 ) this morning is up +3.00 (+1.57%), and Jan ICE robusta coffee (RMF24 ) is up +194 (+6.45%). Coffee prices this morning are moving higher, with robusta soaring to a new all-time high. Coffee prices garnered support from today's biannual USDA report, where the USDA cut...

Barchart · Dec 21, 2023

Sugar Prices Tumble as Supply Concerns Wane

March NY world sugar #11 (SBH24 ) on Wednesday closed down -0.51 (-2.38%), and March London ICE white sugar #5 (SWH24 ) closed down -9.40 (-1.53%). Sugar prices on Wednesday tumbled to 8-3/4 month lows. Sugar prices have been under pressure for the last five weeks as Brazil ramps up...

Barchart · Dec 20, 2023

Sugar Prices Recover as Brazilian Real Strength Sparks Short Covering

March NY world sugar #11 (SBH24 ) on Tuesday closed up +0.12 (+0.56%), and March London ICE white sugar #5 (SWH24 ) closed up +2.60 (+0.42%). Sugar prices Tuesday recovered from 8-1/2 month lows and closed higher as strength in the Brazilian real sparked short covering in sugar futures. On...

Barchart · Dec 19, 2023

Sugar Prices Recover as Strength in the Brazilian Real Spurs Short Covering

March NY world sugar #11 (SBH24 ) on Thursday closed up +0.21 (+0.96%), and March London ICE white sugar #5 (SWH24 ) closed up +3.00 (+0.48%). Sugar prices Thursday recovered from 8-1/2 month lows and settled moderately higher as short-covering emerged after the Brazilian real (^USDBRL) rallied to a 1-1/2...

Barchart · Dec 14, 2023

Scientists aim to adapt crops

"As hostile weather intensifies, plant breeding focused on climate-adapted crops has taken on a sense of urgency"

Salon · Dec 14, 2023

Cattle Closed Weaker on Wednesday

Live cattle futures faded by $0.77 to $1.45 across the front months. Feb saw a $1.43 range on the day, and closed just a nickel off the bottom. USDA confirmed some light cash cattle trade on Wednesday from $165 to $168 with the bulk of action in the South and...

Barchart · Dec 13, 2023

Sugar Prices Retreat as Brazil Boosts Sugar Production

March NY world sugar #11 (SBH24 ) on Wednesday closed down -0.62 (-2.74%), and March London ICE white sugar #5 (SWH24 ) closed down -12.10 (-1.89%). Sugar prices Wednesday closed lower but remained above Tuesday's lows on signs of more robust sugar production in Brazil. On Tuesday, NY sugar posted...

Barchart · Dec 13, 2023

Coffee Prices Settle Moderately Higher on Global Supply Concerns

March arabica coffee (KCH24 ) on Wednesday closed up +3.40 (+1.84%), and Jan ICE robusta coffee (RMF24 ) closed up +43 (+1.56%). Coffee prices on Wednesday extended this week's rally, with arabica posting a 7-3/4 month high and robusta posting a 4-1/2 month high. Dry weather in Brazil risks damaging...

Barchart · Dec 13, 2023

Sugar Prices Slump on Improving Global Supplies

March NY world sugar #11 (SBH24 ) on Tuesday closed up +0.12 (+0.53%), and March London ICE white sugar #5 (SWH24 ) closed up +2.00 (+0.31%). NY sugar on Tuesday fell to a new 8-1/2 month low but then recovered on some short-covering to closed mildly higher. In a bearish...

Barchart · Dec 12, 2023

Sugar Prices Slump on Improving Global Supplies

March NY world sugar #11 (SBH24 ) on Monday closed -0.89 (-3.81%), and March London ICE white sugar #5 (SWH24 ) closed -16.70 (-2.55%) Sugar prices Monday sold off to 5-1/2 month lows on improving global supplies. Last week, India's food ministry directed local sugar mills to stop using sugar...

Barchart · Dec 11, 2023