Industry news & Vesper highlights
Last week’s open question was whether a heat wave might slow the steady growth in US milk output that has been weighing on prices. This week the heat actually arrived, and NFDM kept falling anyway. After a Monday spike to $1.6975, CME spot NFDM fell three straight sessions to $1.505 by Thursday, down 5.8% on […]
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India’s spice complex finally found its buyer this fortnight, and coriander made the clearest move of any market in Vesper’s...
Brent crude dropped to $72 per barrel on June 26 from $80 a week earlier, then weekend strikes between the...
Global milk supply is running strong, with US output up 2.3% year over year in May and the EU posting...
The main market mover of the past two weeks was a heatwave across Europe. Less milk, less cream, and prices...
White sugar futures have rallied, with the August No. 5 contract at $475/mt and the July No. 11 raw sugar...
Basmati rice had the most eventful fortnight of any market in Vesper’s biweekly report. Most grades gained $8 to $10...
Coffee futures rose 7.8 cents Monday to Monday, with the September contract ending at $2.67 per pound as overextended short...
US butter makers are running flat out, yet the cold store keeps emptying. Stocks ended May at 335.6m lbs, the...
cocoa has rallied more than 30% since Vesper’s last report, recovering off its lows as the market turns its focus...
