cocoa options

cocoa options

December 13, 2016

Raw sugar futures fell into bear market territory Tuesday as traders exiting long positions largely looked past a boost to gasoline prices in Brazil.

Raw sugar for March delivery dropped 3.4% to end at 18.60 cents a pound on the ICE Futures U.S. exchange, the lowest close for the most active contract since June 2.

The sugar market is still heavily long, with the bulls outweighing the bears by 174,459 contracts as of last Tuesday, according to U.S. Commodity Futures Trading Commission data. At the close, the market was down 22% from its most recent high reached Oct. 5, pushing it into bear market territory.

Continue reading »

Cocoa Futures Market Attempts Rally

On December 12, 2016, in cocoa futures trading news report, by Infinity Trading
cocoa options

cocoa options

December 12th, 2016

Cocoa was on track to have its first day of gains in seven sessions Monday as traders reentered the market to snatch up futures at cheaper levels.

Cocoa for March delivery rose 2.5% to $2,225 a ton on the ICE Futures U.S. exchange, bouncing off a three-and-a-half year low reached Friday.

As of last Tuesday, hedge funds and other money managers were the least bullish they’ve been about the cocoa market since July 24, 2012, with the bulls outweighing the bears by 4,908 contracts, according to data from the U.S. Commodity Futures Trading Commission.

Analysts say the cocoa market is moving from a production surplus to a production deficit year with higher prices for farmers in West Africa helping to driving production at the same time that weather conditions have improved for developing crops.

Continue reading »

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.

Continue reading »

cocoa futures brokers

cocoa futures brokers

February 25, 2016

Cocoa prices rose Thursday as traders expected recent dry weather to slash production for the upcoming West African smaller midcrop.

Cocoa for May was up 1.3%, at $2,963 a ton, on the ICE Futures U.S. exchange.

In a note, trading firm Cocoanect, based in Rotterdam, Netherlands, said it expects the stunted beans coming out of the tail end of the main cocoa harvest to foretell losses for the upcoming midcrop because of a lack of rain and seasonal winds in the growing areas.

The firm also said, however, that cocoa beans from the main harvest–which is now winding down–are arriving at ports in Ivory Coast, the crop’s largest grower, at the same rate as last year and purchases are ahead by 100,000 metric tons in Ghana, the world’s second largest grower. Traders had expected the dry weather to hurt the main crop, the firm said.

Continue reading »

cocoa futures

cocoa futures

July 30th, 2014

Cocoa futures rose to the highest price in almost three years in London on speculation chocolate manufacturers need to stock up with West Africa supplies limited until new harvests start in October.

Inventories are probably only enough to meet demand for six months and the industry usually needs seven to eight months of cover, according to Eric Sivry, head of agriculture options brokerage at Marex Spectron Group in London. Inventories in warehouses monitored by ICE Futures U.S. dropped 4 percent this month, the third consecutive decline.

“The industry is not enough covered,” Sivry said. “This is prompting some market participants to leapfrog the industry and push prices higher.”

Continue reading »