U.S. cocoa beans stock close out 2021 at record levels

Despite robust growth of 6.2 percent in 2020/21 North American grind, bags of cocoa beans in licensed warehouse continued to outpace levels seen in the previous five seasons. We finished 2021 with around 4.675 million bags, setting a recent record. As the main cocoa [...]

Cocoa futures slide to five-week lows

Most-active Mar-22 NY cocoa futures continued a five-session slide on Thursday, Jan. 22, settling at a five-week low. The contract approached the lower Bollinger Band both Wednesday and Thursday. In the week of Dec. 27, managed money added to long positions and trimmed shorts. [...]

Cocoa prices sink to five-month low despite lagging arrivals

The two main headlines for cocoa market this week appear to be pushing in contradictory directions. Cumulative arrivals in Ivory Coast continue to underperform last year’s pace, reaching some 670,000 MT through the end of November. This is down around 10 percent from last [...]

Cocoa spec selling provides buying opportunity for trade/industry in 2022

Several weeks of speculative fund liquidation has seen cocoa prices correct nearly $400 per MT lower over the past month. This move lower in futures, with prices down 15 percent, was accompanied by large speculative funds selling sold off nearly two-thirds of their long [...]

Specs pile into cocoa as Q3 grinds improve

Three weeks ago, speculative fund longs in cocoa surged, sending their total net position up just short of 50,000 net longs. At 48,301 net contracts, this is the longest these traders have been since March earlier this year. They raised their longs by some [...]

Cocoa grind for top regions rebounds from three-year low in 2019/20

Cocoa grind for the last quarter of 2020/21 was reported for the major use regions of Europe, Asia, and North America. Combined grind for the three regions reached 2.781 MMT of cocoa beans. This volume was up 3.8 percent from 2019/20 grind of 2.679 [...]

September FAO food price indexes up across the board

Led by cereals, vegetable oils, and dairy, all FAO food price subindexes were up in September. Though gains were modest, the aggregate Food Price Index (FPI) still rose over 1 percent from August. (All values are adjusted for inflation.) The FPI showed monthly gains [...]

Outlook for West Africa main crops; farmgate prices announced

Cocoa regulators in both Ghana and Ivory Coast have been warning for months of smaller 2021/22 crops as trees “rest” from bumper crops of the last two seasons—a phenomenon known as tree fatigue. A dry spring and harmattan season most likely pressured pod set [...]

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