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 [...]
Excessive rainfall in West Africa is a concern for the yield and production of the cocoa crop. Despite the weather challenge, Ivory Coast is [...]
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 [...]
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 [...]
The International Cocoa Organization (ICCO) released its latest cocoa statistics in late February. Comments note concerns over the macroeconomic picture around the world and [...]
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 [...]
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 [...]
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 [...]
Several weeks of speculative fund liquidation has seen cocoa prices correct nearly $400 per MT lower over the past month. This move lower in [...]