Weekly Commodity Snapshot
Our overview for wheat, corn, soybean, sugar, and coffee prices, published weekly.
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- The S&P GS Ag Index fell 0.5% last week, as weather issues are offset by weak demand ahead of this week’s WASDE report. The week before, Non-Commercials bought 181,467 net lots across agri commodities, reducing their net short position to -474,627 lots.
- CBOT Corn remains unchanged despite cold & blizzard conditions moving into north-western states. This will continue to slow harvest progress for corn and soybeans.
- ICE Arabica is down -3.5% WOW. The weather in Brazil has continued to get better, with very decent volumes of rainfall across all major arabica coffee areas, with a possible exception for Zona de Mata due to limited data.
- Lean hogs have seen a ~11% price decline, in part due to pessimistic expectations from the upcoming trade talks.
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