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Macro

ICE Sugar and Cocoa Futures Edge Higher; Coffee and Cotton Slip

At the close of New York trading on Monday, September 14, ICE raw sugar futures rose 0.06% and white sugar futures gained 0.21%. ICE arabica coffee futures fell 2.76% while coffee “C” futures rose 1.24% and robusta gained 0.31%. New York cocoa futures climbed 1.14% to $6,029 a ton, London cocoa rose 1.29%, Chicago WCE canola added 0.69%, and ICE cotton dropped 1.70%.

Original source

AI take

The split within coffee is the notable signal here: arabica falling while coffee "C" and robusta rise suggests the moves are contract-specific rather than a single directional story, and the divergence is worth watching for signs of which benchmark is leading. Cocoa's gains stand out against the softer tone in cotton, hinting that softs are trading on their own supply-demand narratives rather than one macro impulse. Whether that dispersion persists or converges is the open question.

Generated by AI for reference only.

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