S&P 500
2713.56
-42.32 -1.54%
Dow Indu
24955.53
-361.88 -1.43%
Nasdaq
7329.95
-138.68 -1.86%
Crude Oil
67.80
-1.56 -2.24%
Gold
1235.520
+11.320 +0.92%
Euro
1.146385
+0.000190 +0.02%
US Dollar
95.893
-0.130 -0.14%
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 https://quotes.ino.com/exchanges/category.html?c=food

March sugar closed down 7 points at 13.82 cents today. Prices closed near mid-range today, on mild profit taking from recent good gains. The sugar bulls have the firm overall near-term technical advantage. Prices are in a steep uptrend on the daily bar chart.

December coffee closed down 455 points at 117.55 cents today. Prices closed near the session low on heavy profit taking after hitting a four-month high on Friday. Bulls still have the overall near-term technical advantage. Prices are in a steep four-week-old uptrend on the daily bar chart.

December cocoa closed up $44 at $2,206 a ton today. Prices closed nearer the session high today. The cocoa bears have the overall near-term technical advantage but a fledgling uptrend is still in place on the daily bar chart to suggest a near-term market bottom is in place.

December cotton closed up 206 points at 79.98 cents today. Prices closed near the session high and hit a four-week high today. A price uptrend has been re-established on the daily bar chart. The bears still have the overall level near-term technical advantage.

November orange juice closed down 165 points at $1.3785 today. Prices closed near the session low and hit a 10- month low today. Bears have the solid overall near-term technical advantage. Prices are in a three-month-old downtrend on the daily bar chart.

November lumber futures closed down $7.10 at $318.80 today. The bears have the solid overall near-term technical advantage. The next downside technical breakout objective for the lumber bears is pushing and closing prices below solid technical support at $300.00.

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