S&P 500
2348.45
+4.43 +0.19%
Dow Indu
20661.30
-6.71 -0.03%
Nasdaq
5822.64
+28.81 +0.49%
Crude Oil
48.40
+0.36 +0.75%
Gold
1246.535
+1.535 +0.12%
Euro
1.079110
+0.000700 +0.06%
US Dollar
99.743
+0.019 +0.02%
Strong

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: May sugar closed up 1 point at 17.30 cents today. Prices closed nearer the session high on tepid short covering after hitting another 9.5-month low early on today. The bears still have the solid overall near-term technical advantage.

May coffee closed down 315 points at 141.60 cents today. Prices closed nearer the session low today. The coffee bears have the overall near-term technical advantage.

May cocoa closed up $14 at $2,168 a ton today. Prices closed near the session high today and closed at a seven- week high close. While the cocoa bears still have the overall near-term technical advantage, there are clues that a market bottom is in place.

May cotton closed up 97 points at 77.81 cents today. Prices closed nearer the session high today. The cotton bulls have the firm overall near-term technical advantage. There are no strong, early clues to suggest a market top is close at hand.

May orange juice closed down 70 points at $1.8960 today. Prices closed near mid-range on mild profit taking from recent strong gains that saw prices hit a 2.5-month high on Tuesday. The FCOJ bulls have the near-term technical advantage. A steep three-week-old uptrend is in place on the daily bar chart.

May lumber futures closed up $3.00 at $373.20 today. Prices closed near mid-range today. Bulls have the 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 the March low of $356.90.

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