West Africa weather forecast Archives

Cocoa sees technical support at uptrend

Cocoa sees technical support at uptrend

Inflation-related volatility continues to impact commodity pricing, and cocoa is seeing recent price weakness on fund liquidation. Since their mid-May highs, cocoa futures have fallen nearly $200 per MT or nearly a tenth on position liquidation ahead of the July contract expiration. With futures [...]

By Jeff Rasinski|June 22, 2021|Categories: Cocoa & Chocolate, Market Prices, Weather|Tags: cocoa futures, cocoa grind, cocoa pricing, Sep-21 cocoa contract, West Africa weather forecast|0 Comments

Latest sea surface temperatures may hold clues for upcoming cocoa season

Latest sea surface temperatures may hold clues for upcoming cocoa season

The latest NOAA satellite data is yielding some interesting observations for weather across West Africa in both the short and long term. Specifically, we have seen a significant cooling in the equatorial Pacific region consistent with potential development of La Niña later this year. [...]

By Jeff Rasinski|July 1, 2020|Categories: Cocoa & Chocolate, Weather|Tags: cocoa bean production, cocoa crop conditions, El Niño, ENSO, La Niña, NOAA, West Africa weather forecast|0 Comments

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