ICE raw sugar futures were up, rebounding from previous seven-month lows.
Cotton futures fell from their previous session’s one-month high after forecasts of rain in U.S. growing regions eased concerns over supply.
Raw sugar futures extended gains due to a revised 2014/15 crop forecast by the industry association Unica, expecting Brazil’s center-south cane crush to be lower than original expectations of 580 million tons in April at 546 million tons.
ICE cotton futures closed on Monday little-changed from last week when they posted four consecutive sessions of gains.
A lag in demand on the physical sugar market and building world stocks weighed on sugar prices, sending futures to multi-month lows on Tuesday.
Commodities erased almost all of their six month gains on Thursday as they fell to six-month lows.
A strong demand outlook boosted cocoa to a close three-year high.
As a result of an abundant supply at the peak of Brazil’s harvest, raw sugar dropped to its 5-1/2-month low on Wednesday.
Americans are kicking orange juice to the curb as futures fell to the lowest since January.
Arabica-coffee prices soared to the highest level in over two months on Thursday as traders and investors continued to stress about the size of Brazil’s current and upcoming harvests.