Futures — Vesper Market News

Coffee holds a tense range as ICE margin hikes thin out trading

Coffee futures are stuck in a tense range as ICE margin hikes drain liquidity, pricing out smaller traders and sharpening moves on thin volume.

Most starches firm on rising costs; potato holds steady

Wheat, tapioca and corn starch are firming on higher input costs and tight supply, while potato starch holds steady on ample stocks and weak demand.

Coffee pulls back from record rally, settles near $3.30

Coffee futures cooled this week, with the September contract settling near $3.30/lb after a record rally. What happens next hinges on Brazil's harvest.

Why cocoa can jump 20% in two weeks and drop 7% in a day

Cocoa futures swung from a 19.6% weekly gain to a 7% one-day drop. Martijn Bron unpacks the volatility, the crop worries behind it, and what it means for buyers.

Cocoa jumps 14% in a day on El Niño supply risk

ICE cocoa futures gained more than 14% in one session and are up around 50% in a month as the market prices El Niño risk to West Africa and Ecuador.

Coffee posts its biggest one-day gain on record

Arabica futures jumped 72 cents in a week, including the largest single-day gain on record. Sucafina traces the move to fund flows and El Niño risk.

Heatwave lifts Euronext corn to a multi-year high

Heat damage puts French corn on course for a 26-year low, lifting Euronext corn to a multi-year high while wheat eases on strong harvest progress.

Soybean oil is pricing itself out of the US biofuel mix

Soybean oil's share of US biofuel feedstocks fell to 37% in April as producers switched to corn oil, tallow, and UCO. Vesper's weekly vegetable oils view.

US milk powder keeps falling, heat wave or not

US NFDM fell 5.8% to $1.505/lb, now 34% below its May peak, as record milk-powder output kept prices sliding even as a heat wave finally arrived.

A heatwave lifted EU butter and SMP. Will it hold?

A European heatwave cut milk and cream output, lifting EU spot butter nearly 3% and SMP about 2%. But with stocks near a five-year high, will the rally hold?

Coffee shorts retreat while Colombian differentials top 60 cents

Coffee futures jumped 7.8 cents to $2.67/lb as overextended shorts unwound, while Colombian differentials topped +60 cents on tight, high-quality supply.

White sugar rallies on weather risk while physical prices sit still

White sugar futures rallied to $475/mt on El Niño and heatwave risk to crops in India and the EU, even as physical prices stayed calm on comfortable supply.

Cocoa rallies more than 30%; deficit fears return for next season

cocoa has rallied more than 30% since Vesper's last report, recovering off its lows as the market turns its focus to next season's West African crop. New...

US butter: record output, leanest May stocks in four years

US butter makers are running flat out, yet the cold store keeps emptying. Stocks ended May at 335.6m lbs, the lowest May reading since 2022 and down 8% on...

Summer lull pulls cheese prices further from their spring peak

European cheese prices have drifted further from their spring peak as the summer slowdown sets in. With most buyers having covered their Q3 needs, sellers...

Cocoa jumps 11% as the market turns to El Niño supply risk

Cocoa prices snapped higher last week, with ICE London front-month July futures up 11% to £3,488 a tonne and ICE New York up 11% to $4,545 a tonne. After...

Coffee futures climb as short sellers bail out

Coffee futures pushed higher again last week, with the most active September contract on ICE rising 7.8 cents to settle at $2.67 a pound. The move came...

Hot weather lifts EU grains while US futures slip

Europe's grain markets firmed over the past two weeks as hot, dry weather raised worries about yields, even as US futures fell under harvest pressure and a...

Palm oil holds firm while Brent slides on US-Iran thaw

Palm oil prices climbed last week even as crude oil kept falling, a sign the market is now taking its lead from biofuel policy and weather risk rather than...

Cocoa futures rebound on macro mood, not fundamentals

Cocoa had been one of the quieter commodity markets of late spring. Futures barely moved over the prior fortnight, shrugging off both bearish news in the...

Coffee futures slide as speculators build their biggest short since 2023

Coffee futures fell again last week, with the most active July contract down 13.3 cents to 245.9 US cents/lb, according to coffee analysis from Sucafina....

Grains slip across the board on better US weather

Grain prices fell over the past two weeks as improving weather in the US and EU, weaker soybeans, and softer Brent crude pulled the complex lower. Grains...

Coffee futures slide to a two-year low as Brazil's harvest builds

Coffee futures fell 13.7 cents this week on the most active July contract to $2.60 a pound, the lowest level since November 2024, according to Sucafina. The ...

Thai rice up 25%, wheat swings 40 EUR in a month: grains reprice across the board

Thai rice prices rose between 16 and 25 percent in May, with parboiled rice A1 leading the move from 220.73 to 275.61 USD/mt. But the month was not only a...

Cocoa rally fades as weak demand meets a bigger Ivorian crop

Cocoa opened last week with a strong rally and then gave it back over consecutive down days, a pattern Martijn Bron attributes to the volatility of the...

Record May temperatures lift European grain futures as US crop weather eases CBOT

European and US grain markets moved in opposite directions this week. Euronext milling wheat climbed to EUR 214/mt from EUR 213/mt at the previous report,...

Roasters build strongest seasonal coverage since 2022 as arabica futures hold at $2.70

The most active July arabica contract finished the week 8 cents higher at 272.35 US cents per pound, finding firmer-than-expected support at the $2.70 level ...

US milk powder prices slip as production growth cools

US nonfat dry milk prices fell about $0.20/lb, or roughly $500/mt, in the space of a week, and global skim milk powder markets moved with them. New Zealand...

US NFDM falls $0.20/lb in a week as global milk powder markets follow

US NFDM prices dropped around $0.20/lb ($500/mt) in the space of a week, and the move travelled. At the most recent GDT pulse event, NZ SMP fell $200/mt...

EU cocoa futures post a 10% single-session gain as the Silly Season takes hold

EU cocoa futures rose 7% over the past week, closing at 3,153 GBP/t for the front-month July 2026 contract, while the most active September contract gained...

Indonesia's export overhaul casts shadow over palm oil as Iran peace talks weigh on energy prices

The Indonesian government announced a new export centralization policy for key commodities, including palm oil, effective June 1st, a measure aimed at...

Coffee futures fall to $2.64 as US demand weakens and Brazil's record crop approaches

Coffee futures dropped to $2.64 per pound this week, with the most active July contract losing 18.1 cents. The market trended steadily lower through the...

European butter builds up while US milk powder holds the global floor

The global dairy market is running two distinct stories. In milk protein, tightness remains the headline, particularly in the US where NFDM is trading at...

Grains slip on US-China summit disappointment despite tight wheat supply underneath

The US-China summit delivered less than the grains market was hoping for. No new commitments to purchase US soybeans, no tariff reductions announced, and no ...

Sugar's 2026/27 deficit is confirmed, but the size gap between forecasters is enormous

The International Sugar Organization published its first estimate for the 2026/27 crop year this week, projecting a global sugar deficit of 262,000 tonnes....

El Nino shifts Cocoa Week London from bearish demand to cautious supply concern

The mood at Cocoa Week London was not what most delegates arrived expecting. Industry participants came in focused on weak chocolate confectionery demand...

Coffee fails to break range despite fresh spec buying

The July ICE coffee contract closed the week 3.2 cents lower at 282.3 US cents/lb, despite a fresh wave of speculative buying. Speculators added 1,645 lots...

NFDM domestic demand jumped 178% in Q1 as US dairy markets diverge

The CME spot call closed mixed this week as the dairy complex absorbed a stronger dollar and the headlines from the US-China summit. Blocks dropped 6 cents...

European cheese prices rise as Q3 buyers return

European cheese prices have moved higher over the past two weeks, but the rally has come in stops and starts. After a quiet stretch where Q2 coverage was...

Cocoa rallies 30% in a week on short-covering and crop risk

EU cocoa front-month May 2026 futures closed up 34% on the week at 3,551 GBP/t, with gains spread across the curve rather than concentrated in the front....

Cotton rally and drought threaten US peanut crop, acreage cuts could top 20%

The US peanut market has reversed in recent weeks. The concern has shifted from oversupply to whether growers will be able to plant, how many acres they...

US milk powder shortage pulls EU and Oceania SMP prices higher

European and New Zealand SMP prices climbed again this week, with the latest GDT auction confirming the move. NZ SMP surpassed $3600/mt at the event, and...

Cocoa futures climb on El Niño concerns despite record surplus outlook

London July cocoa futures have risen by approximately 10% over the past two weeks, driven by FMCG buying tied to El Niño headlines, despite the 2025/26...

Butter weakens while milk powders climb on record US NFDM pricing

Butter and milk powder markets are moving in opposite directions, with heavy milk flows pressuring butterfat across Europe, the United States and New...

Coffee futures slip to USD 2.88/lb on improved roaster coverage

Coffee futures fell 8.5 cents over the past week to close at USD 2.878/lb on the most active July contract, with the market trading below the USD 2.90 to...

Energy costs drive starch prices higher across wheat, corn and tapioca

Wheat, tapioca and corn starch prices all rose month on month in April, with rising energy costs linked to the Middle East conflict putting pressure on...

European cocoa grindings drop to decade low on weak chocolate demand

European cocoa grindings fell 7.8% year on year in the first quarter of 2026 to 325,895 mt, the lowest quarterly total in more than a decade, according to...

Wheat and corn prices fall on lower crude and higher supply estimates

Wheat: bearish WASDE, US crop conditions deteriorating Euronext milling wheat dropped to EUR 194/mt from EUR 205/mt two weeks ago. Vesper's French wheat...

Coffee futures climb to $2.96/lb on ceasefire news

July contract rallies after testing support The most active contract shifted from May to July this week ahead of the first notice day. The July contract...

Coffee prices break below $2.90/lb support on Middle East uncertainty

Coffee futures ended the week at 286 US cents per pound, down 12.35 cents from the prior Tuesday, as a deteriorating risk environment weighed on prices....

Butter leads dairy prices lower at start of Q2 flush season

Dairy commodity markets have entered a calmer phase at the start of Q2, with the arrival of the flush season adding pressure to butter, SMP, and WMP prices...

Cocoa grindings extend decline with chocolate demand under sustained pressure

Cocoa grindings are on track to remain well below historical levels through the 2025/26 season, with the latest data pointing to continued volume pressure...

Coffee futures pull back sharply after brief rally, with Brazil's harvest on the horizon

Coffee futures fell sharply last week, with the most active May contract losing 14.45 cents from Monday to Monday to finish at 292.55 US cents per pound....

Cocoa prices stage end-of-quarter rally, but cost pressures cloud the chocolate outlook

Cocoa prices rallied sharply at the end of March, with EU futures gaining 7% in a single session to close at £2,487/mt for the front month May 2026...

European cheese markets turn softer at the start of Q2

After a firm Q1 in which strong export demand kept European cheese markets relatively tight, the balance of power is shifting at the start of Q2. High...

Grains hold firm on crude oil support, but markets watch for de-escalation signals

Grain prices across wheat, corn, barley, and soybeans remained elevated this week, with Brent crude oil continuing to provide the primary source of support. ...

Coffee futures break above $3/lb as tight supply and energy costs provide support

Coffee futures prices basis the most active May contract rose 14.15 cents over the week to close at USD 3.07/lb, breaking above the USD 3.00/lb level for...

European butter prices correct sharply while SMP holds firm

European butter prices fell sharply last week, dropping from close to EUR 5,000/mt to as low as EUR 4,200/mt within a few days. The correction followed an...

Ivory Coast weighs cocoa pricing reform after beans pile up at ports

Ivory Coast is considering a reform of its cocoa marketing system that would make government-set farmer prices more responsive to international price...

Corn and wheat prices climb on energy costs and tighter 2026 supply forecasts

Corn and wheat prices have moved higher over the past two weeks, supported by rising Brent crude oil prices and downward revisions to 2026 global supply...

NFDM prices approach 10-year highs as US supply tightens

US non-fat dry milk (NFDM) prices have continued their upward run, rising a further USD 0.08/lb compared to a week ago, a 4.53% increase. Prices are now...

Wheat futures rally, but cash markets tell a different story

Wheat futures rally but basis levels signal a possible correction. Barley exports hit multi-year highs on strong global demand...

Cocoa farmers in Brazil cancel expansion plans as low prices bite

The dramatic decline in cocoa prices over the past 12 months is beginning to have consequences for future supply. Cocoa farmers in Brazil say they expect to ...

Coffee futures pull back on record Brazil crop expectations

Coffee futures basis the most active May contract fell 4.05 cents week-on-week, closing at 292.85 US cents/lb, after briefly reaching a high of 297.45 cents ...

Chocolate forecast 2026: cocoa, sugar, vegetable oils, nuts

Chocolate manufacturers are navigating an ingredient landscape that looks very different today from where it started the year. Cocoa has come down sharply,...

US Dairy forecast: milk, butter, smp, cheeses, WPC80

The US dairy market entered 2026 expected to be well-supplied across most categories. That picture has changed materially. Butter is tight, powder is tight, ...

US dairy market forecast 2026: butter stocks at five-year low as demand and exports tighten supply

US butter markets have proven considerably tighter than initially anticipated heading into 2026. January production came in at 231 million pounds, up 6%...

US dairy exports hit records as American product finds new markets worldwide

US butterfat exports are up 166% year-on-year and cheese exports have broken records. Find out what is driving US dairy markets and...

Coffee approaches $3/lb as geopolitical risks support market

Coffee futures rally toward $3 per pound as geopolitical risks and potential shipping disruptions tighten supply and strengthen Brazilian...

Brent at $80, $120, or $150: Scenario Analysis of the Impact on Global Commodity Markets

Explore three Brent oil price scenarios ($80, $120, and $150) and their potential impact on global commodity markets.

Cocoa sector turmoil deepens in Ivory Coast and Ghana

Cocoa sector disruption in Ivory Coast and Ghana deepens as falling prices, unsold beans and payment delays strain farmers and buyers...

How the Middle East conflict is moving commodity markets

As the Middle East conflict disrupts the Strait of Hormuz, Brent crude tops $105, find out how it's moving prices across commodity markets.

Coffee futures slip below $3/lb as supply improves, Middle East conflict adds volatility

Arabica coffee futures fell to $2.83/lb as certified stock availability improved and roasters held back purchases. The Middle East conflict...

Grain prices rise on Middle East conflict, with wheat, corn and soybeans all moving higher

Grain markets moved higher over the past two weeks, with the Middle East conflict the most significant driver. Wheat, corn, barley, and...

Strait of Hormuz tensions and the short-term outlook for brent crude oil

How Middle East tensions and Strait of Hormuz disruptions impact food commodities through energy prices, fertilizer costs, freight, USD strength and market sent

How Middle East conflict and Strait of Hormuz disruption could impact food commodity market

Explores how Middle East tensions and potential Strait of Hormuz shipping disruptions could indirectly influence food commodity markets...

Coffee prices ease as market weighs tariff ruling against supply dynamics

Coffee prices slip as market digests US tariff ruling and supply signals Meta description: Coffee futures fell 3.6 cents over two weeks...

WPC80 market tightens further as Q2 volumes near sold out across Europe and the US

Whey protein concentrate 80 markets are tightening fast, with Q2 volumes nearly sold out across Europe and the US. Buyers are now...

US-Iran tensions push Brent crude higher, lifting vegetable oil prices

Rising geopolitical risk lifts vegetable oil prices in week 9 Meta description: Brent crude oil prices climbed on US-Iran tension concerns...

European cheese prices hold firm in February, defying seasonal correction expectations

EU Gouda and Mozzarella prices have risen to around €3,300/mt in February as low stock levels and firm producer pricing defy expectations...

Structural shift in US skim milk use keeps NFDM markets tight

Four consecutive years of falling US NFDM production point to a structural shift in where skim milk is going toward MPC and butter.

India's soybean oil duty cut set to reshape vegetable oil import dynamics

India's planned reduction in soybean oil import duties under US trade agreement expected to reshape procurement patterns and intensify competition across palm,

Cocoa futures recover modestly as Ghana payment crisis leaves 150,000 mt stuck

Cocoa futures up slightly after sharp declines but farmers face payment crisis as Ghana and Ivory Coast struggle with defaults. Ghana holds...

Soybean prices jump on China trade talks and U.S. crush demand

CBOT soybeans surged to 1,115 cents/bushel as China signals potential increase to 20 MMT purchases. New 45Z rules and December crush of...

U.S. milk powder prices surge 30% in one month on supply squeeze

CME nonfat dry milk prices surged 30% in one month as low November production triggered a short squeeze. Analysis suggests prices may be...

Europe faces Easter egg shortage as Poland loses 5 million laying hens

Poland has lost 5 million laying hens in six weeks, creating severe Easter egg shortages across Europe. Germany faces daily shortages of...

Coffee futures drop 50 cents as roaster demand and exchange inventory shift

Coffee March contract dropped 50.1 cents to 317.1 cents per pound as roaster fixations concluded and exchange inventory began rebuilding.

U.S. milk production rises 4.4% despite prices below cost of production

American dairy producers increased milk output to record levels in December 2025 despite Class III and IV prices settling below cost of...

Cocoa futures decline 30% in one month as speculators exit and grind data disappoints

Cocoa futures dropped 30% in one month as Q4 grind data showed 8.25% European decline and Ivory Coast faced trader defaults amid falling...

European skim milk powder reaches €2,200 per tonne as short squeeze lifts dairy prices

Skim milk powder reached €2,200/mt in Europe as a short squeeze pushed prices up 10% despite weak long-term fundamentals...

Coffee futures rise toward 365-370 cents per pound as roasters accelerate March fixations

Coffee futures rose 0.95¢/lb to 356.25¢ as roasters accelerated March fixations before first notice day, with technical buying expected to...

Palm oil prices rise on strong January exports as Indian buyers shift from soybean oil

Palm oil prices rose to $1,051/mt on strong Malaysian January exports up 8-10%, while Indian buyers cancelled soybean oil shipments...

Cocoa prices hit 2-year low as farmgate pricing crisis leaves African beans stranded at ports

London cocoa futures dropped 12% to 3,347 GBP/t as fixed farmgate prices in Ivory Coast and Ghana create supply bottlenecks. European...

Coffee futures fall to 346.5 US cents per pound amid Central American harvest pressure

Coffee futures dropped 13.75 cents per pound to 346.5 cents this week as Central American origins reach peak harvest. Honduras...

Cocoa market seeks equilibrium after 50% price retreat

Cocoa futures trade in narrow range as market seeks equilibrium. Mild Harmattan conditions and above-average rainfall support West African...

U.S. dairy prices hit multi-year lows to close 2025

American dairy markets ended 2025 with significant price declines across all product categories. Butter dropped 45% while cheese fell 28%...

Südzucker takes radical position with 15-25% beet reduction

Südzucker announces beet reductions of 15-25% as Tereos maintains contractual area unchanged. The diverging strategies could create discord...

Record cocoa short position reaches half a million metric tons

Managed money traders have built a half million metric ton short position in cocoa futures, a size that has historically hurt speculators...

European wheat faces competition squeeze amid strong euro and record global output

French wheat flour falls to EUR 283/mt as abundant global supplies and 11% euro appreciation squeeze European exporters facing competition...

Coffee futures hold range despite record December delivery amid tariff relief

Coffee March contract holds 376.55 cents/lb as record December delivery inversion worth $21 million premium provides support despite US...

Palm oil prices decline on weaker crude oil and slower Malaysian shipments

BMD crude palm oil declines as Malaysian shipments drop 19% in November while soybean oil faces pressure from China trade concerns and...

Global milk production overwhelms demand, timing mismatches amplify market pain

US cheese prices hit 2025 lows while butter spread to retail exceeds $2.77/lb as strong milk production from US, Europe, and NZ...

Coffee futures fall 16.55 cents amid partial US tariff relief

Coffee futures fell to $376.6/lb this week as the White House announced tariff exemptions that excluded Brazil and India. Markets expected...

Chocolate demand pressures mount with Singles Day spending decline

Cocoa prices fell over 9% this week as Singles Day spending dropped 20% and Barry Callebaut reported 5.3% decline in chocolate volumes...

Coffee futures hold near $4 amid Supreme Court tariff uncertainty

Coffee futures reached 393.15 cents per pound as the Supreme Court weighs tariff legality under IEEPA, with potential market implications...

European cheese exports surge as dollar strength reshapes global trade flows

European cheese gains export advantage as stronger dollar reshapes global trade. Asian markets switch from US to EU suppliers, clearin...

Rapeseed oil prices hold firm on tight supply and biodiesel policy expectations

Rapeseed oil prices reach EUR 1,085/mt as EU imports decline sharply and the market awaits German biodiesel policy decisions that could...

Beef grading reaches record highs as choice-select spread narrows

Cattle grading performance reaches all-time highs for fall with prime near 12.8% and choice at 73.2%, while the choice-select spread...

Coffee futures rise to $387.7 as index roll period supports market

Coffee futures climbed to $387.7 cents per pound this week as roaster buying and the index roll period prevented the expected correction...

European sugar producers face break-even crisis with prices at €450

European sugar prices fall to €450 ex-factory beet belt, forcing producers toward break-even. Analysis of current market values and...

Arabica prices seen falling to $3.50 per pound on political and supply shifts

Coffee prices are set for a sharp correction to $3.50 per pound with Trump signaling tariff relief, Brazil's crop outlook improving, and...

Raw sugar prices hit four-year lows on surplus concerns

Raw sugar futures drop to 14.37 cents per pound, the lowest since April 2021. Brazilian production forecasts and Indian export potential...

Trump-Xi meeting drives grain prices higher as markets anticipate soybean trade resumption

U.S. grain futures rally as markets anticipate potential resumption of Chinese soybean purchases following Trump-Xi meeting. CBOT soybeans...

US cheese prices rise above European levels, affecting international competitiveness

US cheese prices reach levels where international competitiveness becomes challenging. European cheese offered at competitive prices...

US butter prices drop sharply on CME as abundant milk supply weighs on dairy markets

CME butter prices fall sharply as US milk production grows 3% year-over-year alongside increased output from New Zealand and Europe...

Coffee prices climb on tight supply concerns despite favorable Brazilian weather

Coffee futures climbed 13.9 cents this week to 413.55 cents per pound as certified stocks decline and US-Colombia trade tensions threaten...

European sugar prices decline over 20% since May

European sugar prices have fallen over 20% since May to €475/tonne as exceptional harvest yields and evolving market dynamics reshape pricing

Cocoa prices fall 20% over past month as main crop expectations remain optimistic

Cocoa futures fall 20% in a month as West African main crop expectations remain optimistic. European Q3 grindings beat estimates.

Global grain surplus puts buyers in control as sellers compete for market share

Record wheat, corn, and barley harvests force sellers to compete for market share. Analysis of grain market dynamics and pricing...

European sugar prices trade below import parity while 2026 acreage faces potential cuts

European sugar prices trade below €586/tonne import parity as early data shows 3% acreage reduction expected for 2026.

Sunflower oil prices climb as crop forecasts deteriorate across key producing regions

Sunflower oil prices increased by $10/mt to $1360/mt as crop forecasts in Ukraine and Russia continue to deteriorate. APK-Inform reduced...

Coffee futures decline 17.7 cents to 373.60 cents per pound

Coffee prices dropped to 373.60 cents/lb last week. Brazilian rainfall supports 26/27 crop development with expectations of 5+ million bags..

Coffee futures rise as certified stock decertification accelerates

Coffee futures reached 390.75 US cents/lb as ICE certified stocks decline rapidly. Understand the inventory dynamics and weather factors...

European sugar prices fall below import parity amid 2025 harvest season

European white sugar prices for 2026 delivery have fallen below import parity as harvest progresses. Analysis of pricing dynamics...

How the EUDR delay is influencing cocoa prices and market structure

Discover how the EUDR delay, market structure shifts, and hedge fund shorts are influencing cocoa prices and procurement strategies.

US dairy markets rebound as butter and cheese prices rise on CME

US dairy markets turned green this week with butter and cheese prices bouncing back on the CME. Analysis of cold storage data, price...

Raw sugar futures recover as Brazilian mills eye ethanol production shift

Raw sugar futures bounced back to $16.1/lb as Brazilian mills signal potential pivot to ethanol production. European yields exceed forecasts..

Record global grain production pressures prices across wheat, corn and barley markets

Global grain markets face downward pressure as record wheat, corn and barley production forecasts overwhelm seasonal patterns.

Beef prices face pressure as wholesale demand shows signs of cooling

Wholesale beef prices have declined sharply since Labor Day, with chuck cuts leading the market lower. Learn what this demand shift means...

Coffee prices increase on inventory drawdown after technical selloff

Coffee futures rallied sharply after ICE certified stocks fell 11.5% in less than a week, reversing a technical selloff. Market volatility...

Global butter prices plummet as oversupply hits all major markets

Butter prices collapse below 10-year averages as milk production surges 5.44% in US and 2.46% in New Zealand. Food manufacturers face...

Ukrainian rapeseed export delays drive European oil prices higher

Rapeseed oil prices rise as Ukrainian export disruptions limit supply during harvest season, while Canadian production increases promise...

EU deforestation rules create compliance challenges for cocoa exporters

EU deforestation regulation poses major compliance challenges for cocoa exporters requiring complex tracking systems, though a possible...

Starch markets show mixed signals as industrial demand softens

September starch market analysis reveals potato oversupply pressures, strong tapioca demand from Chinese manufacturers and...

Cheese markets under pressure as European and US spot prices decline

EU and US cheese markets face pressure as buyers delay purchases and spot prices decline across Cheddar, Gouda, Mozzarella varieties.

Raw sugar futures break below 16 cents as Brazilian mills weigh ethanol shift

Sugar futures drop to 15.9 cents amid supply pressures and negative positioning, while Brazilian mills weigh shifting to more profitable...

US wholesale beef prices drop nearly $9 as demand weakens beyond seasonal norms

US wholesale beef markets face significant pressure with choice cutout prices falling nearly $9 last week and further declines expected as...

Rapeseed oil prices increase on Ukrainian export disruptions and strong rival oils

Rapeseed oil rose EUR 20/mt to EUR 1,081/mt as unclear Ukrainian export mechanisms and rival vegetable oil strength provide support.

US dairy markets fall through support levels as milk oversupply weighs on prices

US butter prices fell through $2/lb support level during bearish dairy trading week. Milk production up 3.45% YOY drives butter down 39%...

Global dairy markets plunge as oversupply overwhelms demand across all categories

Global dairy markets plunge as unprecedented milk oversupply overwhelms demand. Analysis of butter crash, SMP weakness, and production cycle implications.

Rapeseed supply expands while sunflower markets tighten amid harvest delays

Ukrainian sunflower crop drops to 13.56 mmt while rapeseed forecasts rise 700k mt in Australia. Palm oil gains $20/mt on Malaysian supply concerns. Analysis.

Cocoa price discovery breaks down as structural problems persist

Cocoa markets struggle with broken price signals as Ghana's debt crisis deepens and Brazilian farmers face oligopolistic pricing pressure from processors.

Euronext to use Vesper Price Index in new Dairy Futures contracts

Vesper is excited to announce the launch of Euronext Dairy Futures contracts, to go live in 2026 (subject to regulatory approval). These contracts will...

Canadian canola exports to EU face certification bottleneck while trade tensions with China persist

Canadian canola exports to EU may be capped at 2-4 MMT due to biodiesel certification requirements, forcing exporters to redirect volumes.

European butter prices drop to €6,700/mt as supply surplus reaches 56,500mt

European butter prices drop to €6,700/mt as supply surplus reaches 56,500mt. Global butter markets decline across all regions with buyers...

Coffee futures hit $3.78 as roaster panic drives eight-day rally

Coffee futures increased by 44 cents last week to $3.78/lb as roasters increased buying by 17%. Analysis suggests volatile trading ahead...

Ivory Coast cuts cocoa export forecast as severe drought threatens global supply

Ivory Coast reduces cocoa export contracts to 1.2 million tonnes as severe drought and disease impact crop quality.

Starch procurement faces uncertainty as Trump tariffs reshape supply chains

Trump's 10% tariffs on major starch exporters create procurement challenges as food demand stays strong but industrial applications weaken.

USDA corn estimates surprise markets with massive production increase

USDA surprises corn markets with 16.7 billion bushel production forecast, pushing futures to new lows. Check out the latest corn prices.

Dairy fat prices correct lower as milk production increases globally

Global dairy fat prices face downward pressure from record milk production while whey protein markets enter tight Q4 purchasing window.

Cocoa: weak demand is priced in, supply problems not

Cocoa futures increase 10% on weather reports while confirmed demand destruction barely moves prices. Mondelez sales drop 3.4%...

Coffee futures rally 32 cents in one week amid Brazilian import tariffs

Coffee futures surge to 314.05 cents/lb as 50% US tariffs on Brazilian imports force roasters to restructure supply chains.

Corn oil prices rise $60-130/MT as Middle East tensions drive up energy and shipping Costs

Corn oil prices increase $60-130/MT from June levels, while global corn production reaches record 1.265 billion metric tons.

European cheese prices face summer pressure as trading activity slows

European cheese prices face summer pressure with cheddar at €4,430/mt, gouda at €4,050/mt, and mozzarella at €4,000/mt.

Cocoa prices rise as supply concerns outweigh demand destruction

Cocoa prices rise despite weak demand as West African production concerns outweigh processing declines | Market Analysis.

Why are U.S. butter prices declining while Europe and New Zealand’s remain high?

U.S. butter prices are under pressure from oversupply, while European and New Zealand markets remain elevated.

Arabica coffee futures climb 17 cents as tariff concerns and weather risks support prices

Arabica coffee futures climb to 301.35 cents/lb as Brazilian tariff deadline approaches and weather models show potential frost risks.

Global cheese prices slip as summer demand weakens across Europe and US markets

Global cheese markets soften as European summer holidays reduce demand while production remains steady - cheddar, gouda, mozzarella, emmental

Vegetable oil markets show mixed signals as laurics reach historic highs

Latest vegetable oil market analysis reveals coconut oil reaching crisis levels at $2,700/mt while palm oil gains on reduced US tariffs.

US dairy markets stabilize as tariff extension removes immediate trade pressure

US dairy markets stabilize after tariff extension as heat wave impacts supply. Weekly analysis of CME trading, butter prices, and divergent export trends.

Sugar prices rally on strong export demand despite soft fundamentals

Sugar futures recover as Brazilian exports surge to China, India, and UAE.

How rising coconut oil prices are driving up ice cream costs this summer

Rising coconut oil prices have pushed the cost of ice cream and production to soaring levels. What's behind the increase?

Cocoa markets face double pressure from weather relief and tariff uncertainty

Cocoa markets face volatility as West African weather improves but US tariff uncertainty persists.

European sugar market faces perfect storm of heat, drought, and trade pressures

Heatwaves stress European sugar beet crops as water levels hit record lows. Expert analysis on weather risks, trade policy impacts, and market outlook.

US dairy markets rally across all products as July 4th legislation drives optimism

US dairy prices surge across all CME products as new congressional legislation boosts markets. Butter and cheese hit production records in May data.

Cocoa prices drop as Ghana boosts crop forecast, but weather risks loom large

New York cocoa falls to $9,000 as Ghana increases crop forecast 8.3%. Côte d'Ivoire arrivals up 5.7% but rainfall concerns persist in West Africa.

Coffee futures hit annual low as Brazil frost concerns fade

Coffee futures drop to 303.75 cents/lb as Brazil frost concerns dissipate. Expert analysis reveals market dynamics and trading opportunities ahead.

European cheese markets show mixed signals as Q2 ends

European cheese markets face inventory pressure as Q2 winds down. Mozzarella prices fall to €4,150/mt, cheddar drops 20%, while Emmental holds steady.

Oils sector calm for now: 3 key takeaways from Israel-Iran conflict so far

Oil prices climbed Wednesday after Trump announced China can continue buying Iranian oil. Analysis of Middle East tensions, vegetable oils volatility, biofuel m

Sugar prices under pressure as energy markets shift: What traders need to know

Sugar futures decline as oil prices drop and energy-ethanol dynamics shift. Get expert analysis on Brazil production and EU crop risks.

Cocoa market shows signs of recovery as West African rains improve crop prospects

Cocoa futures drop 15% as West African rains improve crop prospects. Analysis of supply recovery, smuggling challenges, and market outlook.

Cocoa markets find stability as weather shifts from drought to flood concerns

Cocoa futures find stability after volatile period, but excessive rainfall in Côte d'Ivoire and Ghana raises new supply concerns.

US dairy markets retreat from recent highs as seasonal patterns emerge

Latest US dairy market update shows cheese prices pulling back from highs while trans-Atlantic protein spreads remain wide.

Global starch market outlook: June 2025 trade analysis shows price stability amid supply chain disruptions

Latest starch market intelligence reveals price stability across corn, potato, tapioca & wheat sectors despite trade disruptions.

Cocoa market enters "silly season" as weather uncertainty and policy volatility create perfect storm

Cocoa market enters volatile "silly season" with 20-year low liquidity, weather uncertainty in West Africa, and policy disruptions.

Sugar prices hit four-year low as global surplus outlook emerges

Sugar futures hit lowest levels since 2021 as global surplus emerges. Brazil production recovers while European markets face mixed signals.

Butter breaks $2.50/lb as US celebrates national dairy month amid mixed production signals

Butter breaks $2.50/lb as US celebrates national dairy month amid mixed production signals.

Cocoa markets remain volatile as ICCO widens global supply deficit to 494,000 tons

ICCO expands cocoa deficit forecast amid West Africa crop quality concerns. Futures hit $10,974 before pullback.

Global Vegetable Oil markets face tariff turbulence and weather uncertainty

Vegetable oil prices volatile as 50% EU tariffs flip daily while weather threatens crops. Palm, soy, rapeseed & sunflower oil analysis + AI forecasts.

Palm oil prices decline as Malaysian production growth slows in week 22

CPO futures decline while Malaysian palm oil exports surge 11.63%. Production growth limited to 0.73% in May as Indonesian shipments jump 33%.

Cocoa market volatility continues: July futures swing nearly 19% in historic trading week

July cocoa futures hit $10,898 after 19% rally, then crashed 10%. Analysis reveals 20-year low liquidity, 3.5% demand drop, and West African supply gamble.

Cocoa market watch: Rally faces headwinds despite supply concerns

Latest cocoa market analysis shows futures retreating from 3-month highs despite quality issues in West Africa.

US dairy market weekly: Cheese prices surge amid trade deal developments

Discover how the new US-China trade agreement is driving a $0.12/lb cheese price rally and creating export opportunities for US dairy producers in our latest ma

Dairy market turbulence: Navigating uncertainty in global Butter, SMP, and WMP markets

BREAKING: US tariffs trigger dairy market chaos. Our analysis reveals current butter, SMP & WMP price disparities.

US Cocoa tariffs shake global markets: supply squeeze meets trade tensions

New US tariffs of up to 21% on cocoa imports collide with a 40% drop in Ivory Coast production, sending futures tumbling from $9,492 to $7,800.

US dairy market update: FMD concerns, cheese prices fall amid production shifts

Latest US dairy market analysis shows declining cheese prices despite regional production growth, while FMD crosses borders in Europe.

Canola Market Faces Pressure: MATIF Rapeseed and ICE Canola Prices Tumble Amid China's Tariff Implementation

MATIF rapeseed and ICE canola prices tumble as China imposes 100% tariff on Canadian canola products. European markets brace for influx while Australia raises p

Inside the Cocoa market: preventing a drop in demand amidst volatility

Discover key cocoa market trends, from supply shifts in Ivory Coast to changing chocolate demand and price volatility. Get insights for 2025.

Global Sugar Market Update: Pressure on global prices persists

Pressure on global sugar prices, production declines in Brazil & Europe, and the outlook for 2025. Stay informed with Vesper.

4 Key Factors Driving Biodiesel Prices to New Highs

Discover the top 4 factors driving biodiesel prices to new highs, from increased demand and German regulations to supply disruptions.

Palm Oil and Palm Olein Prices in India Have Reached Their Peak – According to RKS Insights

India's import duties on edible oils aim to boost domestic production, with a 20% customs duty on crude oils like palm, and soybean.

Wild Price Swings and Uncertainty within Gouda and Butter markets

Dairy market volatility is on full display, with butter and gouda prices experiencing dramatic swings. This week, prices fluctuated rapidly...

Record High Cream Prices Propel European Butter Market to New Heights: Price Forecast Indicates Further Increases

European cream prices have hit record highs, exceeding €10,000/mt, pushing butter prices to all-time peaks.

European Cheese Market Sees Price Increases and Potential Tight Supply in Q4 2024 according to Price Forecasts

Discover the latest trends in the European cheese market as Gouda, Emmental, Mozzarella, and Cheddar Curd experience significant price hikes.

GDT Event Sees Significant Price Declines Across Dairy Products

Global Dairy Trade (GDT) event sees significant price drops across dairy products, including butter, SMP, and WMP.

Valorisation of butter and SMP catches up with cheese in European market

Learn how tight supplies, lower production, and high demand are influencing prices in the EU, US, and New Zealand.

Global Sugar Market: Futures Slide as Supply Pressures Ease

Discover the latest trends in the raw sugar market, which saw a 4.6% decrease, now trading at 18.6 cents per pound—lowest since November '22.

High Global Demand Tightens Butter Market, with Cream Prices Hitting Yearly High

Discover the European butter market's challenges: supply shortages, record-high cream prices, and rising global demand tightening the market.

Impact of O.N.I.L. volumes on global SMP market

Discover the impact of the O.N.I.L tender volumes on the global SMP markets. The EU Vesper Price Index (27/03/2024) for SMP rose to...

Waiting for the Sugar Market to be Bullish in 2024

Explore the latest dynamics in the sugar market: price decline triggered by Brazilian sugar production forecast.

Exploring the Latest Sugar Market Sentiment: Outlook and Trends

Explore the latest Sugar Market Outlook trends: Global sugar prices exhibit stability amid minimal fluctuations.

Vegetable oils, except palm oil, have weakened since the last report, influenced by the Red Sea crisis and a bumper soybean supply.

Impact of Red Sea Crisis and Bumper Supply of Soybeans: Weakend Vegetable oils, compared to the previous report.

Vegetable oil market update: Global palm oil and soybean oil prices up on bullish MPOB and neutral-slightly bullish WASDE report

Vegetable oil market update: Discover the impact of increased Brent Crude Oil prices and bullish MPOB and WASDE report on prices