What else can we say with good confidence?
Sugar and Natural Gas
COCOA
Per comments months ago—-“global weather will improve for world cocoa”. Prices have done what we were hoping expecting they might do by later this fall and winter. (See news reports below). While market may be oversold, I see nothing to get excited about through winter and next spring from the weather
SUGAR
Teleconnections suggest that sometime by next spring and summer——world weather should improve for sugar and the timing of such would be a bearish aspect, later for sugar prices sometime next year after 2 back to back deficit years
NATURAL GAS
Little hope for any major rally in natural gas through at least December with any cool weather short lived and a warm early winter outlook nationally
HOW WE FORECASTED A GOOD MAIN CROP FOR WEST AFRICA; THE STRONG HARMATTAN LAST WINTER AND A REBOUND IN GLOBAL COCOA PRODUCTION INTO 2017:
