The New York Stock Exchange commodities market starts the week with more caution amid instability in the Strait of Hormuz region, which creates uncertainty about global logistical flows. Thus, cocoa and coffee contracts have a strong increase in the session.
In the last week, prices showed daily fluctuations, with increases in the first three trading sessions and a decline at the end of the period. The movement was influenced by information about the start of the harvest in Brazil, the largest global producer and exporter, and by a momentarily more stable external environment in relation to the Strait of Hormuz.
With the new closure of the route, contracts expiring in July, the most traded at the moment, increased 4.47% at the opening of trading, trading at US$2.8560 per pound, reflecting a scenario of greater caution.
Cocoa
After retreating in the last session, amid occasional optimism with the reopening of the Estreito, the , due in July, advanced at the opening of the stock exchange.
The appreciation occurs amid macroeconomic uncertainties and the possibility of impacts from the conflict on logistical flows, global inflation and exchange rates. Papers for delivery in July rose 3.69%, quoted at US$3,401 per ton.
Certified stocks monitored by ICE (Intercontinental Exchange) at United States ports fell by 5,500 bags, to 2.6 million bags. Despite the drop, volume remains high in recent terms, indicating physical availability in the short term, points out the Cocoa Market.
Another point observed by market agents is the beginning of the physical settlement period for the May contract, scheduled for April 24, an event that can generate position adjustments and influence the dynamics of spreads and the future curve.
Sugar and cotton
Sugar futures contracts operate close to stability, at 13.48 cents per pound. The level, the lowest since mid-February, is associated with expectations of high global supply, with increased production in countries such as Brazil, India and Thailand.
The market is following the development of the 2026/27 harvest in Brazil, which began this month, with increased availability.
The prices interrupted a downward trend observed since March 2025 and began to rise after the start of the conflict in the Middle East in February, a movement associated with the appreciation of oil and expectations of greater demand for ethanol.
Cotton contracts expiring in July fell 1.12%, trading at 78.93 cents per pound.
