In many of our recent weekly and monthly commodity discussions, we have been talking about the potential for a sharp reversal in sugar futures. As we still have several months before expiration of the current contract, many factors are wildcards that can support a constructive pattern, in spite of the [...]

 
March09 ICE sugar futures have declined steadily since Monday’s session, now trading below 11 cents. While the current trend is for the technical indicators to place more downside pressure on futures, we continue to watch the dollar for signs of a reversal. The two charts below show the inverse relationship between the two this week [...]

As we discussed last week, the current pattern is quite a change from last week’s weather influenced energy demand. The east is in the midst of a cold week this week, and will see the heat switch staying ‘on’ for the next 6-8 days. HDDs for most eastern cities will be above both normal and [...]

Heavy rains will continue to impede harvest in the western corn belt, as a moisture laden low pressure system moves through the central US.  Soybean harvest will be affected as well, but the timing of the event will have more of an impact to corn.  The US corn belt has seen a series of poor [...]

Weather Trends International now produces regular commentary on the EU weather pattern, and highlights the potential impacts to the EU Power/Energy markets.  Be sure to visit this site often to keep ahead of weather developments that will impact European energy demand and prices.

Corn and soybean futures finished Monday’s session higher (near session highs for both). Traders were focused on a smaller rally, which lead to the covering of short positions, particularly on beans. In overnight activity, both corn and beans started strong, then weakened to lower levels. Crude is down, while the USD strengthened.   A wetter pattern [...]