Cocoa #7 May '28 (CAK28)
Cocoa #7 Futures Market News and Commentary
September ICE NY cocoa (CCU26) on Wednesday closed up +77 (+1.33%), and September ICE London cocoa #7 (CAU26) closed up +34 (+0.79%).
Cocoa prices settled higher on Wednesday as they consolidated below last week’s significant highs. Gains in London cocoa were limited on Wednesday due to the strength of the British pound (^GBPUSD). The pound rallied to a 7-week high on Wednesday, undercutting cocoa that is priced in sterling.
The cocoa market is looking ahead to Q2 quarterly cocoa grindings data on Thursday from Asia, Europe, and North America for clues on demand recovery. European Q2 grindings are expected to fall -1.5% y/y and North American grindings are expected to fall -1% y/y. However, Asian Q2 cocoa grindings are expected to jump +9% y/y, building on a Q1 recovery.Â
Cocoa prices have rallied sharply over the past month, with NY cocoa hitting a 6.25-month high and London cocoa hitting a 9.5-month high last Thursday. Heavy rains in the Ivory Coast and Ghana... Read more
Barchart · Wed Jul 15, 5:17PM CDT
Cotton futures closed the Wednesday session with contracts up 24 to 96 points at the final bell. Crude oil was up 90 cents on the day with the US dollar...
Barchart · Wed Jul 15, 1:37PM CDT
October NY world sugar #11 (SBV26 ) on Wednesday closed down -0.03 (-0.20%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -14.20 (-3.06%). Sugar...
Barchart · Wed Jul 15, 1:31PM CDT
September ICE NY cocoa (CCU26 ) on Wednesday closed up +77 (+1.33%), and September ICE London cocoa #7 (CAU26 ) closed up +34 (+0.79%). Cocoa prices settled...
Barchart · Wed Jul 15, 1:30PM CDT
September arabica coffee (KCU26 ) on Wednesday closed up +0.65 (+0.20%), and September ICE robusta coffee (RMU26 ) closed up +62 (+1.61%). Coffee prices...
Barchart · Wed Jul 15, 12:16PM CDT
Cotton futures are trading with contracts up 133 to 163 points at midday. Crude oil was up down 10 cents on the day with the US dollar index was up $0.281....
Barchart · Wed Jul 15, 11:24AM CDT
October NY world sugar #11 (SBV26 ) today is down -0.05 (-0.34%), and Aug London ICE white sugar #5 (SWQ26 ) is down -15.00 (-3.24%). Sugar prices are...
Barchart · 31 minutes ago
As Mosaic prepares to report its second-quarter earnings next month, Wall Street expects the company to post a double-digit drop in profit.
Barchart · 38 minutes ago
Gartner's second-quarter earnings are due soon, with consensus estimates calling for a single-digit rise in EPS.
Barchart · 42 minutes ago
Ahead of its second-quarter earnings release next month, analysts project DuPont's EPS to fall by double digits.
Barchart · 1 hour ago
Public Service Enterprise is nearing earnings, with Wall Street expecting another solid quarter despite the stock's recent sluggish performance.
Barchart · Wed Jul 15, 8:18PM CDT
Incyte is scheduled to release its second-quarter results later this month, with analysts projecting a double-digit increase in its bottom line figure....
Barchart · Wed Jul 15, 6:30PM CDT
FMC stock is trading near the lowest level in over two decades as the company continues to battle several challenges. It, however, can be a speculative...
Barchart · Wed Jul 15, 5:17PM CDT
Corn futures posted gains of 5 to 9 cents across the board at the close on Wednesday, getting spillover support from near limit gains in wheat. That came...
Barchart · Wed Jul 15, 5:17PM CDT
Live cattle futures closed with $1.30 to $2.82 losses on Wednesday. Cash trade started to pick up this week, with a few light northern sales of $378-380...