Ivory Coast cocoa arrivals surge 7% in December

After a disappointing start to the season in October and November that saw cocoa bean arrivals down double digits, strong December arrivals have allowed the total volume to not just catch up but surpass last year’s pace. In a reversal of fortunes, season-to-date arrivals [...]

May-22 NY cocoa falls below 20-day average to a two-week low

In a short-term rally, benchmark May-22 NY cocoa reached a three-week high of $2,683 last week. The contract fell from last Friday to this Tuesday to two-week low of $2,522, testing but failing to close below the lower Bollinger Band and psychological and retracement [...]

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 [...]

Spec buying propels cocoa market to six-month high

A short-covering rally and fund participation took cocoa prices up over $300, up over 13 percent, over the past 30 days after reaching low prices in the middle of July. After trying to go net short in the first half of July, speculators reversed [...]

Cocoa prices fall ahead of Ivory Coast presidential election

Tensions are mounting a few days before the Ivory Coast presidential election. Despite the term limits outlined in the country’s new constitution, current incumbent President Ouattara is running for a third term despite protests and a campaign to boycott the election. The UN is [...]

Cocoa midcrop concerns, election uncertainty catch spec interest

Cocoa prices have surged $450 per MT, up 20 percent from the start of this year. Although cocoa bean arrivals to date are running close to last year’s record crop, hot and dry conditions have sparked concerns for the potential of the coming midcrop. [...]

Cocoa breaks down to some key technical support levels

A day after the Federal Reserve cut a quarter of a point in reaction to weaker economic signs, cocoa prices continued to sag. Prices ended the last day of July hovering just above two key technical levels of support: the 200-day moving average ($2,344) [...]

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