With near-term demand prospects weakened by stubbornly high inflation, cocoa prices would clearly benefit if last week's "risk on" can continue through the weekend.
Read MoreWeather delays may account for the lower than expected Center-South crush, which means that additional cane may be processed during April and boost their near-term supply.
Read MoreIf ICE exchange stocks start to consistently decline while export bottlenecks appear to be easing, it would indicate that near-term demand is starting to improve
Read MoreWith some decent rain in the forecast and the extreme overbought condition, the market is vulnerable to a short-term setback.
Read MoreCoffee continues to find support from production issues in Brazil and Colombia, who combined accounts for more than half of global Arabica production.
Read MoreThe Petrobras gasoline price hike should give a badly-needed boost to Brazilian ethanol demand, and that can help sugar maintain upside momentum late this week.
Read MoreWith Brazil and Colombia continuing to see production issues, coffee prices should remain well supported.
Read MoreAn outside-day down from a 3 1/2 month high usually leads to some downside follow and after their recent rally, this could be the catalyst for profit-taking.
Read MoreThe supply outlook remains supportive. Near-term pullbacks should still be seen as buying opportunities.
Read MoreIvory Coast and Ghana production should come in significantly below last season's total, so the prospect of a near-balanced supply/demand outlook should provide underlying support to cocoa.
Read MoreWith supply-side developments providing underlying support, cocoa should retain a positive tone if global markets can retain a neutral or "risk on" mood.
Read MoreWith fund traders holding a hefty net long position, and outside market forces turning more negative, the market looks vulnerable to further weakness.
Read MoreIf global risk sentiment continues to mend, sugar prices can regain upside momentum.
Read More