Specs selling cocoa, going short—time to buy?

Cocoa futures have remained under pressure most of August as speculators fully liquidated their entire net long position and swung net short in CFTC commitments of traders reports these past two weeks. Specs may now be attempting to accumulate a short position and push [...]

Ivory Coast, Ghana, Cameroon cocoa update

Ivory Coast arrivals reach 2.12 MMT: Arrivals through Jul. 31 reached 2.12 MMT, up 9.6 percent YOY, per CCC data. Ivorian grind totaled 455,131 MT, up 8.0 percent YOY, per GEPEX data reported by Reuters. Ghana production down from forecast: As previously reported based [...]

Cocoa breaks down to some key technical support levels

A day after the Federal Reserve cut a quarter of a point in reaction to weaker economic signs, cocoa prices continued to sag. Prices ended the last day of July hovering just above two key technical levels of support: the 200-day moving average ($2,344) [...]

Announced minimum floor price whets speculator’s appetite for cocoa

News surrounding a higher minimum support price for cocoa in Ghana and Ivory Coast to lift grower income is adding fuel to the current speculatively led bull rally in cocoa. Last month in Accra, cocoa regulators from these countries met with industry participants to [...]