Sugar futures in the October contract are trading lower for the 2nd consecutive trading session down another 16 points at 11.13 a pound continuing its bearish momentum hitting a fresh contract low and in my opinion looks to retest the August 24th 2015 low of 10.13 in the coming weeks ahead.
Coffee futures in the September contract are currently trading lower by 135 points at 113.40 a pound reversing some of the gains that we witnessed over the last couple of trading sessions as the volatility certainly has come back to life for the 1st time in months.
LONDON--World food prices slipped in June, with decreases in cereals, vegetable oils, and dairy products outweighing gains in sugar and meat prices, the Food and Agriculture Organization of the United Nations said Thursday.
Coffee futures in the September contract are trading lower for the 3rd consecutive trading session after settling last Friday in New York at 116.95 while currently trading at 115.30 a pound continuing its bearish momentum as prices are right near a 3 year low.
Gold futures in the August contract are trading lower by $2 an ounce at 1,268 continuing its bearish momentum right at a 7 month low and if you are short a futures contract place the stop was above the 10 day high which remains at 1,313, however chart which will improve tremendously later this week therefore lowering the monetary risk as I still think lower prices are ahead.
The Intercontinental Exchange (ICE) cotton futures traded limit down on Tuesday, sliding to their lowest in nearly four weeks as concerns about an escalating trade conflict between the United States and China sparked a sell-off across commodities markets.