Recent blog posts
- Cocoa Prices Hit 6 Week Lows
- Orange Juice Near New Highs
- Sugar Prices Hit 3 Year Lows--How Low Can Prices Fall?
- Cotton Prices Break Support
- Coffee Prices Hit 3 Year Lows
- Is Crude Oil Headed Lower?
- Where Are The Grains Headed?
- Where Are Gold & Silver Headed?
- Soybeans Hit 8 Month Highs--How High Can Prices Go?
- Talk To Mike Seery With Skype
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Coffee Futures--- Coffee futures in New York today in the December contract closed lower by around 300 points settling right around 170.75 a pound retesting lows hit last Friday on concerns that the recent rally may have been overdone to the upside.
Orange Juice Futures--- Orange juice futures in New York today tumbled for the 3rd consecutive trading session down another 145 points to settle right around 113.00 near session lows also right at a fresh four week low.
Sugar Futures--- Sugar futures in New York today had a wild trading session in the March contract closing down around 47 points right around 20.24 a pound level selling off sharply from early morning highs and also we rallying sharply from midsession lows with wild swings due to the fact that crude oil also had wild swings and heavy pressure on the corn market which also can put pressure on the sugar market since they're both used as bio diesels.
Lumber Futures--- Lumber futures are higher for the 4th consecutive trading session currently trading at 290.50 per board foot up around 2.20 the trading session continuing its bullish momentum after making contract lows just two weeks ago and climbing over 10% from the lows on renewed optimism that the housing market may be bottoming.
Sugar Futures--- Sugar futures in New York today are higher for the 2nd consecutive trading session rallying more than 25 points to currently trade at 22.51 hitting a fresh 10 week high on crop concerns down in Brazil receiving too much rain also with the fact that corn prices have shot sharply higher in the last couple weeks which is supportive for sugar futures because they are both used as a bio diesel.
Orange Juice Futures--- Orange juice futures today settled 280 points higher to close in the November contract at 126.75 right at fresh 8 week highs as traders are looking at many of the agricultural commodities wondering if a low has been placed in the last couple weeks especially in the soft commodities with cotton, coffee, orange juice, and sugar all rallying significantly from contract lows just two weeks ago.
Milk Futures--- Milk futures here in Chicago finished the week basically unchanged after hitting new highs once again in the August contract currently trading at 17.50 right at contract highs and a remarkable run in the last two months which is up about 20% from contract lows on concerns of production being cut due to the Midwestern drought.
Coffee Futures--- Coffee futures this afternoon in New York tumbled 450 points to close around 176.00 a pound in the September contract but is still higher by about 500 points for the week continuing their bullish momentum and at one point hit a two-month high yesterday at 187 a pound before profit-taking took place sending prices back down to today's level also with a very bearish commodity and stock market today due to the fact of a pessimistic 

