Weekly Ag Markets Update - Monday, April 12

Weekly New York Arabica Coffee Futures

Weekly London Robusta Coffee Futures

Sugar:  New York and London closed higher on Friday and New York was higher for the week.London might have completed a bottom in the last week.Ideas of stronger Ethanol demand helped support Sugar prices last week as the competition is back for crushing and refining use.Current Sugar demand is called average.Dry conditions were reported in Brazil.It has been raining in south central Brazil until recently and the production of cane is looking good for the next harvest.Production has been hurt due to dry weather earlier in the year and this week could be dry again.Traders are worried about a delayed Brazil harvest and lack of space at Brazil ports for Sugar shipments due to the high Soybeans shipments and delayed nature of the harvest of the Soybeans.India is exporting Sugar and is reported to have a big cane crop this year.Thailand is expecting improved production after drought induced yield losses last year.

Weekly New York World Raw Sugar Futures

Weekly London White Sugar Futures

Cocoa:Both markets closed lower and chart trends are still down on the daily and weekly charts.New York is near recent contract lows.The main crop harvest is active in Nigeria and is spreading to Ivory Coast and Ghana.Demand should improve as the Covid vaccinations get administered and as at least some governments around the world invest in fiscal stimulus on their economies.Fears of a Coronavirus resurgence are hurting demand ideas and the vaccinations have been harder to administer in Europe lately due to citizen resistance.Production appears to be good this year and the supply surplus is growing.

Weekly New York Cocoa Futures

Weekly London Cocoa Futures

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