Cocoa Cash (CCY00)
Cocoa Futures Market News and Commentary
May ICE NY cocoa (CCK26) on Monday closed down -10 (-0.31%), and May ICE London cocoa #7 (CAK26) did trade with UK Markets closed for the Easter Monday holiday.
Cocoa prices settled lower on Monday and are under pressure amid signs of weak chocolate demand. Â According to Bloomberg Intelligence, early estimates for chocolate candy sales this Easter holiday, a prime seasonal time for chocolate consumption, are tracking toward a decline of about -5% from last year.
Ample supplies are also weighing on cocoa prices, as ICE cocoa inventories rose to a 1.5-year high of 2,375,262 bags last Thursday.
Last Wednesday, NY cocoa climbed to a 2.5-week high as recent rainfall in West Africa has been insufficient to ease drought concerns in the Ivory Coast and Ghana. Â According to the African Flood and Drought Monitor, as of March 29, drought conditions blanket more than half of the Ivory Coast and about two-thirds of Ghana.
An excessively short position by funds in London c... Read more
Barchart Mon Apr 6, 5:19PM CDT
Cotton futures posted 22 to 79 points across most contracts on Monday, with the front months leading the charge. The US dollar index was $0.025 lower at...
Barchart Mon Apr 6, 1:28PM CDT
May NY world sugar #11 (SBK26 ) on Monday closed down -0.03 (-0.20%), and May London ICE white sugar #5 (SWK26 ) did not trade with UK markets closed for...
Barchart Mon Apr 6, 1:26PM CDT
May ICE NY cocoa (CCK26 ) on Monday closed down -10 (-0.31%), and May ICE London cocoa #7 (CAK26 ) did trade with UK Markets closed for the Easter Monday...
Barchart Mon Apr 6, 1:24PM CDT
May arabica coffee (KCK26 ) on Monday closed up +2.65 (+0.90%), and May ICE robusta coffee (RMK26 ) did not trade with UK markets closed for the Easter...
Barchart Mon Apr 6, 12:17PM CDT
Cotton futures are trading with gains of 77 to 82 points at midday. The US dollar index is $0.020 lower at $99.840. Crude Oil is up $1.07 at $112.61. Managed...
Barchart Mon Apr 6, 6:30PM CDT
Dell is shrinking its workforce to fund an AI-led transformation, and while that is painful on the labor side, the bigger story for investors is whether...
Barchart Mon Apr 6, 6:10PM CDT
The real risk isn’t buying the wrong business; it’s missing when the right one starts to drift.
Barchart Mon Apr 6, 5:19PM CDT
Live cattle futures posted gains of 40 to 90 cents on Monday, with front month April up $1.825. There were no deliveries issued for April on First Notice...
Barchart Mon Apr 6, 5:19PM CDT
Soybeans posted gains on Monday, with contracts 3 to 5 1/2 cents higher at the post-Easter close. The cmdtyView national average Cash Bean price was up...
Barchart Mon Apr 6, 5:19PM CDT
The wheat complex was mostly lower on Monday across the three markets. Chicago SRW futures were mixed, with front months down 1 to 3 cents and back months...
Barchart Mon Apr 6, 5:19PM CDT
Cotton futures posted 22 to 79 points across most contracts on Monday, with the front months leading the charge. The US dollar index was $0.025 lower at...
Barchart Mon Apr 6, 5:19PM CDT
Corn futures got a pop coming out of the Easter holiday weekend, with contracts closing 1 ¾ to 2 ½ cents in the green. The CmdtyView national average...
Barchart Mon Apr 6, 5:19PM CDT
Lean hog futures saw gains of as little as 12 cents to $3.22 across the board on Monday. USDA’s national base hog price was not reported on Monday afternoon...
