Softs

As news broke that Europe would be easing its Covid-19 restrictions in certain areas, the hope that cocoa demand would rise has supported the market this week.
Traders have been concerned about demand for cocoa all year but as we enter “chocolate season” we see that even chocolate/candy purchases have been affected by Covid-19.
The U.S. Presidential election has the global markets on edge. Waiting for the results next week will be sure to add movement in commodities.
As the world, especially in the United States, sees an increase in Covid-19 cases some commodity prices are weakening.
Traders have been concerned about demand for cocoa all year but as we enter “chocolate season” we see that even chocolate/candy purchases have been affected by Covid-19.
Political unrest in Ivory Coast has added volatility to an already erratic market…. but there's a lot going in cocoa futures.
As the summer starts to come to an end, we look ahead to fall activities and holidays. Will the demand for cocoa be down due to Covid and classroom closures?
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.
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