Agriculture

We may have seen the bottom in the September cocoa contract. The past few sessions have canceled each other out, one day up, one day down and so on.
As the world, especially in the United States, sees an increase in Covid-19 cases some commodity prices are weakening.
Several key USDA reports come out June 30. Blue Line Futures' Oliver Sloup breaks down the technical landscape for grains, soybeans, and other commodities.
Cocoa futures have been one of the commodities has that been a good indicator of where people are at as far as getting back to normal
Corn futures caught a bid in the back half of last week’s trade but remain mostly range-bound while Soybean futures had their highest close since late March.
The USDA’s WASDE report comes out today.
The equity markets have rallied, but softs haven’t followed.
Corn and Chicago Wheat come in within range while soybeans are just below the low end of the range.
July Corn futures are higher and Soybean futures are rebounding after last week's losses.
As parts of the world re-opens and the global equity markets try to recover losses from the past few months, the “food” commodities are following the trend. Cocoa demand should grow as more locations find the new norm.