In the coming weeks, raw sugar (ICE) may be testing new highs as more emphasis is being placed on the pending market tightness, driven by the current production deficit in India. White sugar in London is also trading at the highest levels in over 20 years. Currently, we see a favorable global macro [...]
There has been a quiet story brewing in the global agricultural commodities sector for some time now, which has been overshadowed by the usual suspects amongst the larger economic indicators. The Indian monsoon is setting up for a below normal season, and this comes in a year when the country needs healthy rains to stimulate [...]
This is another new global mapping capability that is incorporated into our MYskeye global weather mapping platform. We have taken global maps that were developed to forecast minimum relative humidity and wind speed/direction, and combined them to construct an index that will be useful to identify global crop regions that may be susceptible to weather [...]
Sugar futures seeing short term support as part of the broader strength in the global commodities complex; raw sugar still in the mid to high 15 cent range. Long positions have increased with most news on the fundamental side still being driven by the shortage in India’s crop, and the subsequent difficulty for [...]
As (northern hemisphere) summer approaches, attention in the ags space naturally starts to focus more on weather expectations. Over the coming months, I will be giving talks at numerous international commodity conferences of various sizes, addressing the Weather Trends outlook and how this fits into the global commodity outlooks for both agriculture and energy. Next [...]
