Analysts expected a significant decline in Brazil’s output of sugar due to rainy weather across the country. However, the world’s number one sugar producer has continued to harvest the crop well ahead of last year’s pace during the first half of July.
U.S. orange juice retail sales have dropped to their lowest ever recorded.
As mills continued to purchase small parcels of fiber, cotton futures increased this Tuesday.
Chances of higher costs increase as cocoa futures reach their three-year high.
Prospects for strong supplies prompted cotton futures to slip in value on Thursday, one day after falling into a bear market, according to Bloomberg.
Consumers of an ever-important beverage can blame the weather and natural circumstances for the increased amount of money they have to pay for that drink.
Crops in the globe’s top grower and shipper have been taking on rain lately, pushing coffee futures toward a bear market, according to Bloomberg.
Coffee future continued pushing higher in value during the midweek trade session, spurred higher by inclement weather in one of the world’s biggest growing regions, according to Bloomberg.
Asian processing plants increased grinding capacity of cocoa by 3.7 percent during the first quarter of the year, spurred higher by stronger demand in the region, according to Bloomberg.
Production of sugar in the second-largest generator of the soft commodity is poised to increase for the first time in three years as farmers are boosting planting, according to Bloomberg.