The Softs Complex is leveling off and holding with OJ the exception. A sagging dollar would certainly help this trend.
It seems the markets have primarily digested much of the bearish news and it is unlikely that the extreme selling pressure will resume for now.
Recovery Mode Continues for Most Market
ï® FCOJ: Standout Bear Amongst the Softs
ï® Cotton: Big Crops Have Yet to Cause a Hard Market Drop
ï® Sugar: Steadier Tone Ongoing Despite Dearth of Buyers
ï® Cocoa: Asian Grind Up but Strong but Not Exceptionally So
ï® Coffee: Bigger Stocks and No Frost Yet Market Doesn’t Collapse
Note: Next week I will be in Zambia instructing a 5-day program on futures and option. I am planning to publish the reports from there.
J Ganes Consulting is a leading provider of fundamental research geared towards the food, beverage, and textile industries. With a deep understanding of the relevant statistics, J Ganes Consulting expertly synthesizes the data and is able to provide keen insight to readers, framing the information within a historical context that draws from more than three decades of specialized focused in Soft Commodities (sugar, coffee, cocoa, cotton and orange juice). The reports offer a crisp perspective of the most pertinent supply and demand factors that are influencing the market decisions today and for the future. Prior to forming, J Ganes Consulting, Judith Ganes, the founder and President, spent her entire career on Wall Street, working for major investment houses, specializing in commodity research and advisory services for the firms commercial, fund, and speculative accounts. Aside from subscription based research services, J Ganes Consulting also offers risk management seminars to train individuals and corporations to design trading strategies that meet their risk/reward requirements by enabling them to build appropriate positions in futures and options. Judith Ganes currently serves on the Advisory Board of CocoaCompassion and Feneciatrading, with both companies focusing on enhancing the livelihood of (cocoa and coffee) farmers through sustainable production.
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