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Is the Cocoa Rally Over?
In my July 16 Barchart article on soft commodities in Q3 and beyond, I highlighted the over 84% rally in ICE cocoa futures ...
December ICE NY cocoa (CCZ24) today is up +21 (+0.31%), and December ICE London cocoa #7 (CAZ24) is up +50 (+0.97%). Cocoa ...
Cocoa futures on the ICE close down 0.2% at $7,035 per metric ton, after crossing above the $7,000 mark for the first time yesterday. Cocoa surged by roughly 10% in the first two sessions of the week.
December ICE NY cocoa (CCZ24) today is up +53 (+0.75%), and December ICE London cocoa #7 (CAZ24) is up +64 (+1.27%). Cocoa prices today recovered from early losses and are moderately higher as ...
December ICE NY cocoa (CCZ24 ... to a 2-1/4 month high sparked long liquidation in cocoa futures. Losses in London were limited after the British pound (^GBPUSD) tumbled to a 1-3/4 month ...
Cocoa futures trading on the ICE finished down 1.1%, to $6,475 a ton--the second lower close in the past three sessions. Even so, cocoa remains firmly in record territory after marking a new all ...