Cocoa May '13 (CCK13)
Cocoa Futures Market News and Commentary
July ICE NY cocoa (CCN26) on Tuesday closed unchanged, and July ICE London cocoa #7 (CAN26) closed down -20 (-0.68%).  Cocoa prices erased early gains on Tuesday and turned lower after updated weather forecasts called for drier conditions to move into West Africa later this week. Cocoa prices had moved higher on Monday and early Tuesday after cocoa farmers in the Ivory Coast reported that heavy rain and winds had blown away young flower buds and damaged cocoa trees.
An excessively short position by funds could exacerbate any short-covering rally in NY cocoa. Last Friday’s weekly Commitment of Traders (COT) report showed money managers boosted their short positions in NY cocoa by 2,963 in the week ended June 2 to 21,111 net short positions, the most in more than 3 years.Â
Last Friday, cocoa prices tumbled to 2-week lows amid rising inventories. ICE cocoa inventories rose to a 1.75-year high of 2,929,074 bags last Friday.
The downside to cocoa losses over the medi... Read more
Barchart · 19 minutes ago
Cotton trading with early Wednesday gains of 23 to 71 points. Futures posted losses of 143 to 231 across most contracts on Tuesday. The outside factors...
Barchart · Tue Jun 9, 5:03PM CDT
Cotton futures posted losses of 143 to 231 across most contracts on Tuesday. The outside factors are pressure, with crude oil down $2.60 to $88.70/barrels....
Barchart · Tue Jun 9, 1:22PM CDT
July NY world sugar #11 (SBN26 ) on Tuesday closed down -0.04 (-0.28%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -0.10 (-0.02%). Sugar prices...
Barchart · Tue Jun 9, 1:21PM CDT
July ICE NY cocoa (CCN26 ) on Tuesday closed unchanged, and July ICE London cocoa #7 (CAN26 ) closed down -20 (-0.68%). Cocoa prices erased early gains...
Barchart · Tue Jun 9, 1:20PM CDT
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Barchart · Tue Jun 9, 11:43AM CDT
Cotton futures are down 145 to 168 points so far at Tuesday’s midday. The outside factors are pressure, with crude oil down $4.86 to $86.44/barrels....
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Cotton trading with early Wednesday gains of 23 to 71 points. Futures posted losses of 143 to 231 across most contracts on Tuesday. The outside factors...
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