Commodity Movements.
#1) Silver
Silver is trading its highest level in 30+ years.
Rumors of a short squeeze Click Here
COMEX Silver stocksat 5yr low. Click Here
#2) Coffee
Coffee inventories are at the lowest level since 2000
The International Coffee Organization says global supplies will be around 13million bags, the lowest on record.
Demand remains strong. In the past 12 months Starbucks shares have risen 45% and Green Mountain Coffee shares ar up 47%
#3) Cotton
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| Monthly Cotton |
A combination of increasing global demand and adverse weather conditions are the main factors
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| 1 year Cotton w/ 200d MA |
CTH11 was limit-up Wednesday & Thursday before ending the week limit-down on Friday. A cotton advisory service released its 1st estimate of the season and said they see output up 13%, with a 4% increase in consumption
#4) Cocoa
Ongoing unrest in Cote-d'Ivoire and strong demand has cocoa prices at a 32 year high.
Related Charts
#5) CRB Index
#6) Dollar Index
Financial Futures COT Report Click Here
Commodity Futures COT Report Click Here
Disclaimer
The contents of any third-party letters/reports above do not necessarily reflect the opinions or viewpoint of G. Scott Hinton. They are provided for informational/educational purposes only.All sites refered to or displayed on this blog are available to anyone free of charge. The content of any message or post by G. Scott Hinton anywhere on this site is not to be construed as constituting market or investment advice. Such is intended for educational purposes only. Individuals should always consult with their own advisors for specific investment advice. This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The risk of trading futures and options can be substantial.
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