S&P 500
2000.54
-36.87 -1.84%
Dow Indu
17140.24
-260.51 -1.52%
Nasdaq
4595.04
-112.94 -2.46%
Crude Oil
47.14
+0.81 +1.74%
Gold
1313.715
-4.195 -0.32%
Euro
1.107090
+0.002040 +0.18%
US Dollar
96.097
-0.269 -0.35%
Weak

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

FOOD & FIBER

SOFTS: October sugar closed up 52 points at 19.68 cents today. Prices closed nearer the session high today. The sugar bulls have the firm overall near-term technical advantage as prices hover near the recent multi-year high.

September coffee closed down 10 points at 137.05 cents today. Prices closed nearer the session high today. The key “outside markets” were bearish for coffee today, as the U.S. dollar index was sharply higher and crude oil prices were solidly lower. The coffee bulls and bears are now back on a level overall near-term technical advantage amid choppy trading.

September cocoa closed down $33 at $2,990 a ton today. Prices closed near mid-range and closed at a four-week-low close today. The key “outside markets” were bearish for cocoa today, as the U.S. dollar index was sharply higher and crude oil prices were solidly lower. The bulls have faded very fast. Cocoa bears now the overall near-term technical advantage.

December cotton closed up 11 points at 64.55 cents today. Prices closed nearer the session low today. The key “outside markets” were bearish for cotton today, as the U.S. dollar index was sharply higher and crude oil prices were solidly lower. Cotton bulls still have the overall near-term technical advantage.

September orange juice closed down 360 points at $1.6640 today. Prices closed nearer the session low on profit taking. Prices Friday hit a contract high. The FCOJ bulls still have the solid overall near-term technical advantage.

July lumber futures closed down $0.90 at $294.60 today. Prices closed near the session low. Bulls still have the slight overall near-term technical advantage.

© Copyright INO.com, Inc. All Rights Reserved.

adtype =