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Latest From John Buckley
Reports that estimated for Indian sugar production in the current 2019/20 season were being cut contributed to prices reaching their firmest in a month this week.
Trade chatter about dry weather risks to next year’s Brazilian crop and a rain interruption to the recently-started Vietnamese harvest shook remaining coffee bears out of their complacency this week.
Grain Commission data showing much better than expected demand contributed to a firmer tone in Canadian canola futures prices this week.
Months in the doldrums last summer and constant scares about lost exports seemed to have inured palm oil to bullish fundamental news.
US soy markets had a better month in October – both in terms of futures and cash physical markets.
Slow US export trade has continued to fade last month’s firmer CBOT corn prices with added pressure from less combative harvest weather.