After a 24.04% gain in 2023, the soft commodities composite fell 2.79% in Q2 and was 26.76% higher than the 2023 closing level. Cocoa and cotton led the way in the downside in Q2, with over 20% price declines. However, cocoa was over 84% higher since the end of 2023, while frozen concentrated orange juice futures were over 43% higher over the first six months of this year. Soft commodities are highly volatile. Cocoa and FCOJ reached new record highs in Q2.
Cocoa leads the way lower in Q2- Cocoa leads the way on the upside over the first half of 2024
