Crude oil rally running out of steam
After being below the five-year range in September 2014, inventories have gradually pushed higher over the last 18 months to now finally clamber above this range. Distillate stocks reached a record of 186 million barrels in December 1982 (think: E.T., Tootsie #1 at the movies). Inventories generally bottom out each year at the end of winter (after peak demand), building through the summer as refineries go full-tilt to meet higher gasoline demand for summer driving season. Should we see a similar build to inventories as we saw last year, we should well be testing record inventory levels in the fall.
Raw sugar rebounds sharply from 8-month low as March expires
Cepea, February 16, 2018 – Green coffee shipments started 2018 at a slow pace and may continue slow throughout this 2017/18 season. This sc...
Coffee market settles lower amid strong global exports | Global Coffee Report