Despite favorable weather in sugarcane areas throughout much of Brazil, India, China and the US, all of the good supply side news in the major origins is being temporarily overshadowed by market activity on oil. Last week, No.11 sugar trading finished roughly where the week started, with March08 sugar closing at 10.13. [...]

 
The return to a wetter pattern in Brazil is some thing that the market has been anticipating for weeks. Now that the rains returned, why are sugar futures trading up above 10 cents again? In spite of the good weather returning to Brazil, other market fundamentals are providing support, which seems to be [...]

Recent flooding in the coffee growing regions in Vietnam has been leading to some support for higher coffee futures prices. Growers in the Dak Lak province have been subject to very heavy rains over the last few weeks and another wet week is likely, with traders talking about impacts to the pending as [...]

The Centre-South (C-S) of Brazil received rains late last week, and the pattern extended through the weekend into the start of the current week, taking some of the pressure off of coffee futures. The high pressure system that was stationary over Sao Paulo has started to weaken, allowing moisture from the south and the [...]

This morning’s WASDE report put estimates for the current US corn crop at 13.32 million bushels, which is 26% higher than last year. A significant acreage increase combined with favorable weather for corn throughout the eastern and western corn belts, are the primary reasons for this number. Yields are estimated to come in [...]

In this morning’s WASDE report, USDA is estimating the 2007/08 US orange crop to be 9.83 million tons. This estimate is 29.5% higher than the 06/07 crop, which finished at 7.59 million tons. Good growing weather in Florida and California is helping the current crop. Further, this season is seeing the Florida [...]