Cocoa #7 Dec '24 (CAZ24)
Cocoa #7 Futures Market News and Commentary
December ICE NY cocoa (CCZ26) closed up +123 (+1.85%) on Monday, and September ICE London cocoa #7 (CAU26) did not trade, with markets in the UK closed for a holiday.
NY cocoa extended its sharp three-session rally on Monday and posted an 11-month high. Concerns about the quality of this year’s West African cocoa crops are underpinning cocoa prices. Cloudy weather and limited sunshine in the Ivory Coast and Ghana are allowing black pod disease to spread, lowering cocoa bean quality.
Concern about a smaller cocoa crop from Ghana, the world’s second-largest cocoa producer, is bullish for prices. On August 20, Ghana’s Cocoa Board said that after a field survey of pod counts, it estimates the 2026/27 Ghana cocoa crop will be 650,000 MT, down -13% from 750,000 MT last year.
Cocoa prices also have underlying support from early surveys of the 2026/27 Ivory Coast cocoa crop, which show below-average cherelle formation on cocoa trees, signaling a weak outlook for t... Read more
Barchart · Mon Aug 31, 5:11PM CDT
Cotton futures posted 170 to 180 point gains across most front month contracts. Crude oil was $2.91 per barrel, with the US dollar index $0.293 lower....
Barchart · Mon Aug 31, 1:23PM CDT
October NY world sugar #11 (SBV26 ) closed up +0.25 (+1.42%) on Monday, and October London ICE white sugar #5 (SWV26 ) did not trade, with markets closed...
Barchart · Mon Aug 31, 1:22PM CDT
December ICE NY cocoa (CCZ26 ) closed up +123 (+1.85%) on Monday, and September ICE London cocoa #7 (CAU26 ) did not trade, with markets in the UK closed...
Barchart · Mon Aug 31, 1:21PM CDT
December arabica coffee (KCZ26 ) closed down 1.35 (-0.43%) on Monday, and November ICE robusta coffee (RMX26) did not trade, as markets were closed in...
Barchart · 10 minutes ago
Despite Texas Instruments' outperformance relative to its industry peers over the past year, Wall Street analysts maintain a cautiously optimistic outlook...
Barchart · Tue Sep 1, 12:53AM CDT
While Comcast has lagged behind its communication peers over the past year, analysts remain cautiously bullish about the stock’s prospects.
Barchart · Tue Sep 1, 12:45AM CDT
As Morgan Stanley has outperformed the Dow Jones Industrial Average over the past year, analysts remain fairly upbeat about the stock’s prospects.
Barchart · Tue Sep 1, 12:40AM CDT
Philip Morris has surpassed the broader consumer staples sector over the past year, and analysts remain moderately optimistic about the stock’s prospects....
Barchart · Tue Sep 1, 12:30AM CDT
International Business Machines has trailed the broader S&P 500 Index over the past year and analysts are reasonably upbeat on its future outlook.
Barchart · Mon Aug 31, 9:40PM CDT
Despite Abbott Laboratories' underperformance relative to the healthcare sector over the past year, Wall Street analysts remain strongly optimistic about...
Barchart · Mon Aug 31, 6:30PM CDT
Nvidia left its quarterly dividend unchanged at $0.25 after reporting Q2 revenue of $96.2 billion, even though the company clearly has the cash to pay...
Barchart · Mon Aug 31, 5:11PM CDT
Corn futures rounded out August with contracts up 1 to 3 1/2 cents on the session. There were 90 deliveries issued against September corn on First Notice...