Cotton

Cocoa Futures Update

Tug-of-War Between Supply and Demand in Cocoa Futures

Peter Mooses
February 14, 2020
March cocoa futures hit a multiyear high last week as the market attempted to touch 3000. The supply side of the fundamental equation is bullish.
Cocoa Futures Update

Cocoa Futures: Cocoa Demand And The Coronavirus

Peter Mooses
January 29, 2020
Concerns about the coronavirus have affected the equity and futures markets. Asian demand for Cocoa has come into play. If this virus affects exports in large grinding nations, Asia specifically, we can see prices continue to move lower.
Cocoa Futures Update

Cocoa Grinding Data Has Increased Demand

Peter Mooses
January 17, 2020
Grinding data this week has cocoa futures testing highs from 2018. The March contract reached 2729 on Thursday. Asian demand increased and provided market support – leading to more speculative buying.
Cocoa Futures Update

Cocoa Futures Look To Test 2600 by Next Month’s Contract Roll

Peter Mooses
January 06, 2020
March cocoa futures have rallied this past trading week as we leave 2019 and enter 2020. After the new year, the contract continued the move higher back towards 2550
Cocoa Futures Update

Cocoa Futures Influenced By Trade Deals, Brexit and UK Election

Peter Mooses
December 12, 2019
As of Thursday, cocoa futures were down for the fourth straight session. After the trade above 2600, traders took profit, causing some of this sell-off.
Cocoa Futures Update

No News In Cocoa Futures Market Brings Volatility Heading Into Thanksgiving

Peter Mooses
November 27, 2019
As we head into Thanksgiving and the holiday schedule, cocoa has moved lower. After making new highs the market has turned volatile. The current channel looks negative..
Cocoa Futures Update

Cocoa Futures Trade Higher On Technicals and Positive Global Risk Sentiment

Peter Mooses
November 14, 2019
The rally in Cocoa futures higher this week is all technical. Once 2560 price level broke, 2600 was the next price level traders needed for the market to close above.
Cocoa Futures Update

Weather and Global Risk Sentiment Leading Cocoa Futures

Peter Mooses
October 29, 2019
Current weather conditions are supporting cocoa prices. Rain in key growing regions could cause supply issues.
Cocoa Futures Update

Brexit Deal Could Push Cocoa Demand and Futures Higher

Peter Mooses
October 20, 2019
Cocoa has been a macro trade of late. The December contract is range bound in this recent consolidation.
Cocoa Futures Update

Cocoa Futures Meet Technical Resistance; Global Demand is Key Factor as Prices Continue Climb

Peter Mooses
October 03, 2019
Looking at the December cocoa chart, two stories are being told – a supply and demand battle, and technical levels are guiding prices.