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Weather, demand, and tighter supply rallies cocoa futures

By |November 1, 2023|Categories: Cocoa & Chocolate|Tags: , , , , |

Excessive rainfall in West Africa is a concern for the yield and production of the cocoa crop. Despite the weather challenge, Ivory Coast is [...]

NY cocoa futures slip slightly, London cocoa stronger

By |July 5, 2023|Categories: Cocoa & Chocolate|Tags: , , , , |

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

By |March 13, 2023|Categories: Cocoa & Chocolate|Tags: , , , , , |

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

By |November 2, 2022|Categories: Cocoa & Chocolate|Tags: , , , , , , , |

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

By |September 29, 2022|Categories: Cocoa & Chocolate|Tags: , , , , , |

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

By |June 28, 2022|Categories: Cocoa & Chocolate|Tags: , , , , |

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

By |November 10, 2021|Categories: Cocoa & Chocolate, Market Prices|Tags: , , , |

Several weeks of speculative fund liquidation has seen cocoa prices correct nearly $400 per MT lower over the past month. This move lower in [...]