CHARTS AND COMMENTS

COFFEE, SUGAR AND COCOA IN APRIL 2022

COFFEE SUGAR AND COCOA WITH ZERO INFLATION

After the first week of trading in April of 2022 commodity markets see Coffee, Sugar and Cocoa collectively sideways over the past 4 weeks. Since the beginning of the year they are + 3.9%. To regain the February top, markets need to soar + 8.5%. 

Coffee, Sugar and Cocoa are collectively also trading lower than February 2020, November 2020, and October 2021.

As you see from the chart, there is still zero inflation to these commodities prices. For now the three soft 's are trading horisontal, not up, not down.

In depth Coffee.

In depth Sugar.

In depth Cocoa.


COFFEE, SUGAR AND COCOA WEEK 7

Half way into week 7 of 2022, here is how the Soft commodities of Coffee, Sugar and Cocoa are developing.

One bar equals one week of trading activity. The overview shows the graph equally weighted between Coffee, Sugar and Cocoa. Since mid November last year, they are collectively + 13.5%.

The chart shows higher highs and higher lows on the weeky scale, indicating strength rather than weakness. The Softs are now trading at the level seen in February of 2020. Until markets see a Red bar on the weekly scale, the uptrend prevails.

For more updates and seasonality behaviour, see Coffee, Sugar, and Cocoa.

#coffee #sugar #cocoa #coffeeprices #sugarprices #cocoaprices #tradingcoffee #tradingsugar #tradingcocoa #coffeeseasonality #sugarseasonality #cocoaseasonality

 


Soft commodities into week 43.

The lower prices for Coffee, Sugar and Cocoa are presented below.

- Continuing the chart above from last week. There is now overhead resistance to "collective" Coffee, Sugar and Cocoa prices. The chart shows a lower low and a lower high on the weekly time scale. This signals potentially lower rather than higher prices for the soft commodities to come.


Facts on Coffee, Sugar and Cocoa

So what about inflation - any pressure from Coffee, Sugar and Cocoa prices?

Absoulutely NOT. Looking at the 3 common soft commodities there is very little inflation in broader terms;  Since February 2020 into July this year, these commodities actually collectively fell 17%. The latest 13 weeks they are up 16%. The soft commodity markets are still lower than they where in February 2020, and also compared to December of last year.

The question becomes rather if it is ok to view them all 3 in the very same chart...

 

Looking at the weekly graph, there now seems to be collectively price resistance around the two former peaks formed the last two winterseasons. After the recent upside price pressure, history shows prices could quickly reverse down again or pause at current levels.


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