Has cocoa prices bottomed? Commodities breaking out with higher crude oil, Brazil Real and talk of El Nino
Have coffee and cocoa prices bottomed as El Nino possibly forms? Our Climatelligence Report recently began discussing a likely low in coffee prices last week and that the Brazilian Real might soon break out to the upside (see here a sample). While sugar, coffee and...
CLMATECH: Brazil rainfall trends; Coffee the next bull market in agricultural commodities?
Until this week, the coffee market had defied the big, record short position in the market as it continues to muster its way through bear market territory. The International Coffee and Cocoa Organization (ICCO) recently increased the 2018-2019 Brazil coffee crop...
Commodities: The Brazil Real, any weather changes for the grain market? Why natural gas prices are breaking out
Many commodities from gold to sugar and now the grain market, have been whip-sawing around due to a combination of Trade Tariff concerns; the weaker Brazilian Real; and most recently, changeable global weather for at least 5 commodities. Some of the most trending...
Why additional Trade Tariffs and ideal summer weather has pressured several agricultural commodities, but more problems for Australia’s crops
President Trump late Monday announced new tariffs on $200 billion in Chinese goods. The White House said the 10% tax is set to be imposed Sept. 24 on a range of Chinese imports, including luggage and seafood. That levy will rise to 25% at the end of 2018. In...
