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) [...]

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. [...]

Cocoa prices & politics in Ghana & Ivory Coast

While a sober review of the facts—paramount among these the weakness observed for cocoa futures—would conceivably support Ghana’s move to leave the cocoa farmgate price for the 2018/19 main crop unchanged from last season, grandstanding and political posturing on the decision is currently ubiquitous. [...]