Malaysian cocoa grind disappoints in Q4 2022

A few weeks into the new year, the market is eagerly anticipating Q4 2022 grind results from the major reporting regions. Perhaps serving as a harbinger, the first news on this front came from Malaysia, where total cocoa beans ground during Q54 fell to [...]

Technicals signal cocoa futures are overbought

Commodity fund traders had accumulated a net short position in July amid poor Q2 grind results and the potential influence of COVID-19. Since bottoming out in early July, specs have covered these new shorts, and the market has recovered along with other soft commodities [...]

Technical bull trap in the making for cocoa?

After finding a market bottom in Q1 at $2,200 per MT, cocoa futures have been consolidating; a double bottom held, and prices rose by 10 percent. Although the fundamentals have been less inspiring with lackluster Q1 grind results, the market looks technically vulnerable to [...]

Go to Top