Weather, demand, and tighter supply rallies cocoa futures
Excessive rainfall in West Africa is a concern for the yield and production of the cocoa crop. Despite the weather challenge, Ivory Coast is [...]
Cocoa spec position swells to ten-year high
With only two weeks before the end of the 2022/23 crop year, speculative funds specializing in commodities continue to add to long positions in [...]
NY cocoa futures slip slightly, London cocoa stronger
After closing the week of Jun. 12 at a contract high of $3,262.50, most-active Sep-23 NY cocoa trailed lower the week of Jun. 19; on [...]
ICCO releases 2022/23 S&D forecast
The International Cocoa Organization (ICCO) released its latest cocoa statistics in late February. Comments note concerns over the macroeconomic picture around the world and [...]
Brief rally for cocoa; major origins boycott cocoa conference
Most-active Dec-22 NY cocoa broke above its short-term trading range Tuesday, closing at a two-week low above its 20-day average and retracement resistance below [...]
NY cocoa rebounds off Monday’s new contract low
On Friday, Sep. 26, the most active Dec-22 NY cocoa contract closed below the lower Bollinger Band and prior retracement support below $2,290. The [...]
Large speculative funds liquidate their entire cocoa position
The most recent Commodity Futures Trading Commission (CFTC) report showed that large speculators sold close to 18,000 long futures contracts, reducing their total net [...]
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 [...]