Dollar Supported by US Economic Strength

The dollar index (DXY00) today is up by +0.08%. The dollar today recovered from early losses and is modestly higher, just below Wednesday’s 2-year high. Better-than-expected US economic news today supported the dollar. …

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Easing Supply Fears Weigh on Cocoa Prices

Cocoa prices are slightly lower today. Prices have been under pressure this week on signs of abundant global cocoa supplies. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052…

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Corn Rallies to Fresh 3-year Highs

Corn futures are trading with midday gains of 11 to 14 cents cents on Wednesday, hitting the highest price since August 2023. Spillover strength in wheat and supply concerns over the US crop have both been supportive. T…

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