Nice simple breakdown of 3 of our favorite softs - coffee, cocoa, and sugar - by the folks at Money Morning.
I did not realize the coffee harvest is looking so good - suppose that's why coffee cannot break out of it's range. Same with cocoa - I have been avoiding due to the sharp recent drops - it looks like cocoa has no business at these prices.
We'll continue to keep a close eye on sugar prices - keep waiting for the next big sugar rally!
Hope you followed your post headline about buying sugar....what a day. With basically the whole commodities market showing strong gains today its quite frustrating to watch the cattle and hogs....where is the love? Corn is up over 4% but only small gains in cattle and losses in hogs. What are they using to feed these animals?
ReplyDeleteI feel like one of my Feeder Cattle just walked into my house and dropped a giant cattle turd on my table for breakfast.
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