MIP Markets with Shawn Hackett - Milk and Sugar with Coffee?
The wild rollercoaster ride of Milk. Milk price has several things in its favor. China is reopening, Massive supply disruption in Texas, and wet weather in California. Sugar has seen a split to the upside due to the world supply reallocation for ethanol in India and some weather concerns looming. Sugar Beet Crops in Europe and the US suffered from drought last year, and the world supply of sugar is stressed. Coffee has also been affected by the weather. Wet conditions have hampered the growing conditions, and reserves are still trying to rebound from last year's poor crop. As a result, a weather market has developed, with all these crops further pressured by demand and supply disruptions.
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