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FOOD & FIBER https://quotes.ino.com/exchanges/category.html?c=food
SOFTS: March sugar closed up 22 points at 15.28 cents today. Prices closed near the session high today. Prices hit a 13-month high last week. The bulls have the firm overall near-term technical advantage. Prices are in a five-month-old uptrend on the daily bar chart.
March coffee closed down 280 points at 106.30 cents today. Prices closed nearer the session low today on profit taking after hitting a three-week high early on today. The bears have the overall near-term technical advantage. However, a seven-week-old price downtrend on the daily bar chart has been negated and last Friday's bullish weekly high close suggests a market bottom is in place.
March cocoa closed up $16 at $2,920 a ton today. Prices closed nearer the session high today. The cocoa bulls have the solid overall near-term technical advantage. There are no strong, early technical clues to suggest a market top is close at hand.
March cotton closed up 72 points at 68.13 cents today. Prices closed nearer the session low today after hitting a two-week high early on. Bulls have the overall near-term technical advantage but need to show more power soon to restart a price uptrend.
March orange juice closed down 45 points at $.9870 today. Prices closed near mid-range today. The bulls and bears are on a level overall near-term technical playing field. However, a bullish pennant pattern has formed on the daily bar chart.
March lumber futures closed down $3.00 at $446.30 today. Prices closed nearer the session low on profit taking after hitting a contract high last week. The bulls have the solid overall near-term technical advantage.
