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Latest From John Buckley
Sugar sentiment remains dominated by the two biggest players, Brazil and India, both offering some mutually offsetting news in the past week.
Is the market coming round to the view that cheap cocoa does need to get a fairer price to safeguard future supply?
A well sold coffee market has been exposed to any mildly bullish news and the past week has been obliging in the form of a reported dry weather threat to Brazil’s flowering of the 2020 crop.
Drifting canola prices received support mid-week from reports of wet weather starting to slow down the Canadian harvest and threatening possible quality downgrades.
Palm oil prices held up well this week for a market moving into its peak production period amid a slowdown in the export trade upon which the lion’s share of consumption depends.
Soy, like corn, could be promised a better than expected crop as weather turns highly favourable at the tail end of a challenging season.