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. [...]

Strong Ivory Coast midcrop cocoa arrivals continue trend

Arrivals from October through April are thought to be above 1.84 MMT, some 200,000 MT higher than arrivals for the same period last season. This marks a 12 to 14 percent increase from last season, depending on the baseline figures used. In the last [...]

Short covering rally sets speculative bull trap in cocoa

Despite continued strong arrivals and signs of record West Africa main crop, cocoa prices turned higher over the past week in technically-led trading. Arrival figures from Ivory Coast through the end of March are approaching 1.7 MMT, well ahead of historical norm. The Harmattan [...]

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 [...]