cocoa futures news

cocoa futures news

January 18th, 2018

London cocoa futures rose on Wednesday, lifted by a weaker pound and renewed concerns over unrest in top producer Ivory Coast.

The March London cocoa contract was up 22 pounds, or 1.2 percent, at 1,814 pounds a tonne by 1312 GMT.

Prices were supported by a weaker pound, which fell back after making its biggest one-day gain since at least 1998 in the previous session.

The market was also keeping a close watch on unrest in the Ivory Coast.

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cocoa options

cocoa options

December 22nd, 2016

Cocoa speculators have turned net-short on cocoa futures for the first time in years – just as prices are testing major long-term support.

If you’re still looking for last minute gift ideas for that trader on your list, a few shares or contracts in cocoa may do the trick. That’s because the sweet commodity may be well-positioned for a bounce following a 12-month rout. First, let’s look at prices as determined by the iPath Bloomberg Cocoa Subindex Total Return SM Index ETN, ticker, NIB. NIB is presently testing the 27-28 level that represents the fund’s all-time lows set in 2011-2013.

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cocoa futures news

cocoa futures news

December 9th, 2016

Plummeting cocoa prices could spur demand, with processing margins at their highest level in years, analyst Judith Ganes-Chase said.

Ms Ganes-Chase said market were ‘underestimating’ the scale of current cocoa processing, suggesting the size of this year’s market surplus may less than thought.

Cocoa prices in New York are plumbing their lowest level in over three years, under pressure from the big crop in West Africa.

“More and more observers are expecting to see a sizeable oversupply in the current 2016-17 crop year,” said Commerzbank on Friday.

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cocoa futures news

cocoa futures news

November 23rd, 2016

Speculators, who have been big players in ag markets such as soybeans and sugar this year, will remain “quite active” in 2017, Rabobank said – naming cocoa as its most bullish bet for next year, and coffee the most bearish.

The appeal of ags to hedge funds “is unlikely to change in 2017″, Rabobank said, citing the quest by investors for yield at a time of low borrowing costs.

“Interest rates are expected to rise only very slowly, keeping investors looking for higher returns,” the bank said, adding that index funds may also “be back in the market toward the second half of next year”.

“The interest in commodity index funds, which offer a hedge against inflation, may be rekindled if fear of inflation reappear,” with Rabobank noting “a few signs”, from the likes of bond market spreads, that the pace of global price rises may “slightly increase” next year.

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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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cocoa futures brokers

cocoa futures brokers

October 23rd, 2014

Cocoa processing in Asia fell in the third quarter as futures soared to the highest level in more than three years, damping profits for grinders.

The grind, an indication of demand, declined 5.9 percent to 151,643 metric tons in the three months ended Sept. 30 from 161,097 tons a year earlier, the Singapore-based Cocoa Association of Asia said in an e-mailed statement today. The data are for Malaysia and members in Singapore and Indonesia. The number, which includes grinds from two more factories, was down 6.3 percent from the previous quarter. Beans are processed into butter and powder to make chocolate.

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cocoa futures quotes

cocoa futures quotes

September 23rd, 2014

Forecasts for the Ebola disease to spread faster in West Africa than earlier estimates are sending cocoa prices higher as concerns mount that shipments from Ivory Coast, the world’s top producer, may be disrupted.

Cocoa futures reached to a 42-month month high before erasing gains. Without better containment of the Ebola outbreak, the number of cases in Liberia and Sierra Leone may jump to 550,000 to 1.4 million by January, according to an estimate published today by the U.S. Centers for Disease Control and Prevention. On Sept. 18, the group advised Ivory Coast to establish a command center and train medical staff to deal with the disease.

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