Commodities: Softs Set To Firm

We see potential for significant moves by soft commodities in coming weeks as a period of consolidation appears to be drawing to a close. Soft commodity prices have held up well over the last two weeks, in line with the resilient performance of the wider commodity complex. Furthermore, with risk appetite seeping back into markets and the US dollar under renewed pressure, we are bullish December coffee and January sugar on a short-term basis. On the other hand, December cocoa looks weak and we identify potential for further downside in coming

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