cocoa futures brokers

cocoa futures brokers

November 27th, 2015

Cocoa production outstripped demand last season, according to the International Cocoa Organisation, which previously saw a deficit in stocks.

And production in Ghana is forecast to recover this year, thanks to a government drive for improvements.

For the 2014-15 season, which recently came to an end in the key West African growing region, the ICCO saw global cocoa production outpacing supply by 36,000 tonnes, where it had previously seen a shortfall of 15,000 tonnes.

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gold futures

gold futures

November 23, 2015

Gold, silver and copper traded near multi-year lows on Monday, as a broadly stronger U.S. dollar dampened appetite for the metals.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.16% at a seven-month high of 99.81.

Dollar-priced commodities become more expensive to investors holding other currencies when the greenback gains.

Demand for the greenback continued to be underpinned by expectations that the Federal Reserve is on track to raise interest rates next month.

Gold for December delivery on the Comex division of the New York Mercantile Exchange dropped $10.10, or 0.94%, to trade at $1,066.20 a troy ounce during U.S. morning hours. It earlier fell to $1,065.70, not far from last week’s low of $1,062.00, a level not seen in almost six years.

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cocoa futures news

cocoa futures news

November 20th, 2015

Cocoa prices climbed to the highest in more than four years as dryness in Indonesia and slowing deliveries in Ivory Coast added to concerns about supply.

The’ll probably be a global deficit of about 150,000 metric tons of cocoa this season, according to Rabobank International. El Nino is parching crops in Indonesia, the third-biggest grower, and dryness earlier this year in West Africa means output in top producer Ivory Coast may be smaller than last season, said Carlos Mera Arzeno, an analyst at the bank in London. Cocoa deliveries to Ivory Coast ports slowed in the most recent week.

Ivory Coast deliveries “decelerated faster than the market was expecting,” Mera said. “If we see lower arrivals in the next few weeks, that would be bullish for the market.”

Cocoa for delivery in March rose as much as 1.3 percent to $3,420 a ton on ICE Futures U.S. in New York, the highest level since March 2011. It traded at $3,406 by 7:23 a.m. local time. The commodity has risen 17 percent this year, the biggest gain in the S&P GSCI Index of 24 raw materials.

Port arrivals in Ivory Coast were about 50,000 tons in the week ended Nov. 15, down from 61,000 tons a week earlier, according to a person familiar with government statistics who asked not to be identified because the figures haven’t been published.

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natural gas futures brokers

natural gas futures brokers

November 19th, 2015

Natural gas futures turned higher on Thursday, after data showed natural gas supplies rose less than expected last week.

Natural gas for delivery in December on the New York Mercantile Exchange tacked on 2.6 cents, or 1.13%, to trade at $2.374 per million British thermal units during U.S. morning hours. Prices were at around $2.335 prior to the release of the supply data.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended November 13 rose by 15 billion cubic feet, below expectations for an increase of 18 billion.

That compared with builds of 49 billion cubic feet in the prior week, 40 billion cubic feet in the same week last year, while the five-year average change for the week is an increase of 30 billion cubic feet.

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natural gas futures news

natural gas futures news

November 5th, 2015

Natural-gas futures climbed by more than 3% on Thursday, set to log their highest settlement in more than a week, after a U.S. government report revealed a weekly climb in supplies for the commodity that was less than the market expected.

Natural-gas futures bucked the overall downtrend in energy prices, gaining more ground in the wake of the weekly supply data.

December natural gas tacked on 7.1 cents, or 3.1%, to $2.333 per million British thermal units. A settlement around this level would be the highest a most-active contract since Oct. 27.

The U.S. Energy Information Administration on Thursday reported that supplies of natural gas rose 52 billion cubic feet for the week ended Oct. 30. That was less than the climb of between 55 billion cubic feet and 59 billion cubic feet forecast by analysts polled by Platts.

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natural gas futures brokers

natural gas futures brokers

November 4th, 2015

U.S. natural gas futures rose for the first time in three days on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.

Natural gas for delivery in December on the New York Mercantile Exchange tacked on 4.2 cents, or 1.84%, to trade at $2.295 per million British thermal units during U.S. morning hours.

A day earlier, natural gas prices lost 0.3 cents, or 0.13%, as forecasts pointed to unseasonably warm readings for early November. Bearish speculators bet on the warm weather reducing early-winter demand for the heating fuel.

Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early-winter heating demand.

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lean hog futures

lean hog futures

October 27th, 2015

Lean hog futures extended their slide for the fourth session, in a drop seen as fuelled by a potential dent to demand from a health warning about processed meats.

December lean hog futures fell 2.9% to 61.025 cents a pound in Chicago, taking to 7% their drop since last Wednesday, when the retreat in prices began.

The early stages of the decline were attributed to a weaker US cash market and data showing record September inventories of pork in US cold stores.

However, the rout has been seen as feeding on a decision by the World Health Organisation to add some types of meat to its list of cancer-causing substances, linking red meat and processed meat to colorectal cancer.

“The market was minorly spooked by the cancer talk,” said Don Roose of Iowa-based broker US Commodities.

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