Cocoa futures tracked the English pound’s gains against the U.S. dollar on Monday, propelled higher by as much as 2 percent after the release of strong economic data, according to Bloomberg.
Production in the globe’s second-largest generator is projected to be less than initial forecasts in September, according to Bloomberg.
Speculation about investors holding record bullish bets beginning to sell futures prompted cocoa futures to drop to their lowest value in seven days on Monday, according to Bloomberg.
Speculation about the continued sales of contracts prompted sugar futures to drop to their lowest value in five weeks on Thursday, according to Bloomberg.
Production of cotton in the world’s second-largest grower is forecast to amount to record highs as a result of a strong monsoon season, according to the nation’s textile commissioner.
Reduced demand and strong supplies prompted cocoa futures to lose value on Friday, according to Bloomberg.
Lasting damage caused by a fire at a top port for shipments pulled down sugar futures on Tuesday as the soft commodity marked a second consecutive trading session of losses, according to Bloomberg.
Prospects of supplies not meeting demand this season pushed cocoa toward its top price in nearly two years on Tuesday, according to Bloomberg.
Conjecture about an all-time high delivery pulled down sugar futures on Tuesday, as the sweetener’s biggest advance in nearly three weeks slipped, according to Bloomberg.
Indications about growing inventories in India tugged down sugar futures on Monday as the sweetener endured its sharpest losses in nearly one month, according to Bloomberg.