Natural Gas:
– Gas storage up 65 BCF from previous week, 556 BCF total
– Storage up 9.7% from a year ago and 18.7% above 5-year average

Cotton:
– 18% of crop in drought area as of July 11, up from 16% two weeks ago and 15% a year ago
– USDA expected to forecast 17.6 million bales production, up from 16 million in May
– USDA expected to forecast 5.05 million bales ending stocks, up from 4.1 million in May

Cocoa:
– European cocoa grindings up 4% year-over-year in Q1
– Ivory Coast cocoa grinding down 30% year-over-year in May

Coffee:
– September coffee reached 50% retracement of June 13 – July 1 sell-off, with 635 as a key resistance level
– Robusta harvest 80% complete, expected to be down 10% from previous expectations
– Arabica harvest 60% complete, expected to be down 5% from previous expectations

Sugar:
– Sugar production up 20% year-over-year in second half of June, at 3.25 million tonnes
– Total production since April 1 at 14.2 million tonnes, up 16% year-over-year
– Cane productivity at 39.9 kg/ton, up 5% year-over-year

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