The Latest Breaking News from USDA

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...

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...

March arabica coffee (KCH24 ) on Monday closed up +6.95 (+3.92%), and Jan ICE robusta coffee (RMF24 ) closed up +84 (+3.27%). Coffee prices Monday rallied sharply, with robusta posting a 3-week high. Dry weather in Brazil risks damaging coffee crops and is bullish for prices. Somar Meteorologia reported Monday...

March arabica coffee (KCH24 ) today is up +6.60 (+3.73%), and Jan ICE robusta coffee (RMF24 ) is up +76 (+2.96%). Coffee prices this morning are sharply higher, with robusta posting a 3-week high. Dry weather in Brazil risks damaging coffee crops and is bullish for prices. Somar Meteorologia reported...

Reconciling the fundamental stories making rounds in the wheat, corn and soybean markets with what is happening in the cash markets around the world.

March arabica coffee (KCH24 ) on Friday closed down -0.35 (-0.29%), and Jan ICE robusta coffee (RMF24 ) closed down -20 (-0.77%). Coffee prices Friday posted moderate losses. An increase in world coffee supplies is bearish for prices after the International Coffee Organization (ICO) reported Friday that global Oct coffee...

March NY world sugar #11 (SBH24 ) on Friday closed +0.33 (+1.43%), and March London ICE white sugar #5 (SWH24 ) closed +8.30 (+1.28%) Sugar prices Friday posted moderate gains after India's Food Secretary projected India's 2023/24 sugar cane output would fall -12 % y/y to 434.8 MMT. Sugar prices...

Nearby CBOT soft red winter wheat futures rose to a record high of $14.2525 in March 2022. At the most recent November 2023 low, the price was almost one-third the level at the 2022 all-time high. Wheat futures under $6 per bushel was inexpensive as Russia is the world’s leading…

March arabica coffee (KCH24 ) this morning is down -0.20 (-0.11%), and Jan ICE robusta coffee (RMF24 ) is down -15 (-0.58%). Coffee prices this morning are posting modest losses. An increase in world coffee supplies is bearish for prices after the International Coffee Organization (ICO) reported today that global...

March NY world sugar #11 (SBH24 ) on Thursday closed +0.03 (+0.13%), and March London ICE white sugar #5 (SWH24 ) closed +2.50 (+0.39%) Sugar prices Thursday recovered from early losses and closed slightly higher as a weaker dollar spurred short covering in sugar futures. Sugar prices Thursday initially extended...

March arabica coffee (KCH24 ) on Thursday closed up +2.25 (+1.28%), and Jan ICE robusta coffee (RMF24 ) closed up +25 (+0.98%). Coffee prices Thursday settled moderately higher as a weaker dollar spurred some short-covering in coffee futures after Wednesday's sell-off to a 1-week low. Coffee prices have been under...