Core Insights - LME spot copper contracts have experienced a significant drop in premiums, indicating a potential shift in market dynamics [1] - An estimated delivery of over 30,000 tons of copper to LME registered warehouses is expected in July, which may influence future price movements [1] Group 1 - The decline in LME spot copper premiums suggests a bearish outlook for copper prices in the near term [1] - The anticipated delivery of more than 30,000 tons of copper could lead to increased supply in the market, potentially exerting downward pressure on prices [1]

Group 1 - ICE raw sugar futures fell by 1.24%, closing at 17.56 cents per pound on Friday (May 16) [1] - ICE white sugar futures decreased by 1.76% [1] - ICE Arabica coffee futures dropped by 5.35%, while coffee "C" futures fell by 5.73%, settling at 365.55 cents per pound, with continued low-level fluctuations after a decline on Monday [1] - Robusta coffee futures experienced a decline of 7.27% [1] Group 2 - New York cocoa futures increased by 18.94%, reaching $10,927 per ton, with fluctuations at lower levels on Monday and a rise to $10,000 on Tuesday, maintaining this level on Wednesday and initiating another upward trend on Thursday [1] - London cocoa futures rose by 15.94% [1] - ICE cotton futures decreased by 2.21% [1]