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 [...]

Record cocoa arrivals as Ivory Coast’s main crop winds down

With one month remaining in the main crop portion of the cocoa season, Ivory Coast is on trend at this point for its third consecutive harvest topping 2 MMT. Cumulative arrivals stand at 1.5 MMT, and cumulative Oct-Jan cocoa bean exports totaled 701,530 MT, [...]

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 [...]