INSANE: 4 - The Real Truth

Cocoa Prices Decline as Q1 European Cocoa Grindings Falter

May ICE NY cocoa (CCK26 ) today is down -116 (-3.34%), and May ICE London cocoa #7 (CAK26 ) is down -62 (-2.43%). Cocoa prices are sliding today amid concerns about global demand. The European Cocoa Association reported today that Q1 European cocoa grindings fell -7.8% y/y to 325,895 MT,...

Barchart · Apr 16

Hedge Selling Weighs on Cocoa Prices

May ICE NY cocoa (CCK26 ) on Wednesday closed down -80 (-2.25%), and May ICE London cocoa #7 (CAK26 ) closed down -56 (-2.14%). Cocoa prices fell from 1.75-month highs on Wednesday and settled lower, as the recent rally has sparked hedge selling among cocoa producers and traders. The Ivory...

Barchart · Apr 15

Cocoa Prices Retreat as Higher Prices Spark Hedge Selling by Producers

May ICE NY cocoa (CCK26 ) today is down -93 (-2.61%), and May ICE London cocoa #7 (CAK26 ) is down -75 (-2.87%). Cocoa prices fell from 1.75-month highs and turned lower today, as the recent rally has sparked hedge selling among cocoa producers and traders. The Ivory Coast's Le...

Barchart · Apr 15

Cocoa Prices Climb as Dollar Weakness Spurs Short Covering

May ICE NY cocoa (CCK26 ) on Friday closed up +84 (+2.66%), and May ICE London cocoa #7 (CAK26 ) closed up +56 (+2.37%). Cocoa prices settled higher on Friday as a weak dollar ($DXY ) prompted short covering in cocoa futures. An excessively short position by funds in London...

Barchart · Apr 10

Dollar Weakness Spurs Short Covering in Cocoa Futures

May ICE NY cocoa (CCK26 ) today is up +68 (+2.15%), and May ICE London cocoa #7 (CAK26 ) is up +49 (+2.07%). Cocoa prices are moving higher today as a weak dollar ($DXY ) has prompted short covering in cocoa futures. An excessively short position by funds in London...

Barchart · Apr 10

Cocoa Prices Pressured by Adequate Supplies and Tepid Demand

May ICE NY cocoa (CCK26 ) on Thursday closed down -34 (-1.06%), and May ICE London cocoa #7 (CAK26 ) closed down -25 (-1.05%). Cocoa prices settled lower on Thursday as they consolidated this week's losses. On Tuesday, NY cocoa fell to a 1-month low, and London cocoa dropped to...

Barchart · Apr 9

Abundant West African Cocoa Supplies Weigh on Prices

May ICE NY cocoa (CCK26 ) today is down -2 (-0.06%), and May ICE London cocoa #7 (CAK26 ) is down -7 (-0.29%). Cocoa prices are slightly lower today as they consolidate this week's losses. On Tuesday, NY cocoa fell to a 1-month low, and London cocoa dropped to a...

Barchart · Apr 9

Cocoa Prices Jump as the Dollar Retreats

May ICE NY cocoa (CCK26 ) on Wednesday closed up +168 (+5.55%), and May ICE London cocoa #7 (CAK26 ) closed up +61 (+2.62%). Cocoa prices settled sharply higher on Wednesday as a plunge in the dollar index ($DXY ) to a 4-week low sparked short covering in cocoa futures....

Barchart · Apr 8

Dollar Weakness Sparks Short Covering in Cocoa Futures

May ICE NY cocoa (CCK26 ) today is up +166 (+5.48%), and May ICE London cocoa #7 (CAK26 ) is up +68 (+2.92%). Cocoa prices are sharply higher today as a plunge in the dollar index ($DXY ) to a 4-week low has sparked short covering in cocoa futures. However,...

Barchart · Apr 8

Cocoa Prices Sharply Lower as Supplies Increase and Demand Falters

May ICE NY cocoa (CCK26 ) on Tuesday closed down -207 (-6.40%), and May ICE London cocoa #7 (CAK26 ) closed down -128 (-5.21%). Cocoa prices settled sharply lower on Tuesday, with NY cocoa posting a 1-month low and London cocoa posting a 1.5-week low. An increase in cocoa supplies...

Barchart · Apr 7