Cocoa 2019/20 selling; top origins seek 2020/21 price floor?

As speculators have been establishing new longs and buying into strength, Ivory Coast and Ghana have been busy forward selling next year’s crop and working to coordinate their cocoa activities. One month ago, speculative funds were effectively flat, neither long nor short. Since then, [...]

Strong Ivorian arrivals continue for 2018/19 midcrop

Reports suggest that bean arrivals at Ivorian ports remain strong, averaging somewhere between 30,000 MT and 35,000 MT of beans per week despite mixed weather seen earlier in some growing regions. Based on these reports, total arrivals from October through May are variously estimated [...]

Cocoa speculative bubble: Too much, too fast?

Fund buying has dominated the cocoa futures market the past two weeks, sending prices to their highest level in months. Fundamentally speaking, there does not seem to be enough fuel to have sparked the $200 rally and keen interest coming from the speculative community. [...]

Ivory Coast arrivals reach 1.70 MMT at end of March

From October through March, cocoa bean arrivals at major Ivorian ports are estimated to have reached 1.70 MMT, up some 13 percent YOY. Given weather to date and reporting from the field, midcrop output may reach at least half a million metric tons, putting [...]

Cocoa bean stocks & arrivals still look good, confirm large crop

Bean stocks in U.S. warehouses has climbed seasonally as main-crop cocoa arrivals progressed. Though still short of record levels, bean stocks are firmly within the range of the past several years and close to 4.5 million bags. Stocks of cocoa seem ample as the [...]

Ivory Coast’s cocoa bean arrivals still tell bearish story

Early arrivals of the 2018/19 cocoa bean main crop for Ivory Coast were estimated consistently up from the previous season’s arrivals, meeting some skepticism. The trade cautioned that gains early in October and November might prove illusory, caused by the selling of beans that [...]

Official figures for Ivory Coast cocoa bean arrivals through November

Per the Coffee and Cocoa Counsel (CCC), arrivals for the 2018/19 main crop in October and November totaled more than 725,800 MT of beans, a figure well above trade estimates for that period. The volume of arrivals at major Ivorian ports for those two [...]

Strong early Ivory Coast arrivals reported for the 2018/19 main crop

Cumulative cocoa bean arrivals at the major Ivorian ports of San Pedro and Abidjan were estimated to total 327,000 MT as of Nov. 4, reports Reuters. Arrivals to date are thus up almost 46 percent from cumulative arrivals for the same period last season, [...]