Cocoa Daily Fundamental Analysis

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ICE Futures price of cocoa futures at the end of trading on Wednesday morning (30/11) closed up. Strengthening cocoa prices triggered by the weakening US dollar. The US dollar fell a third consecutive day against all major rivals despite the increase in the data prelim Q3 2016 US GDP above expectations.

A weakening US dollar makes dollar-based commodities cocoa becomes cheaper in other currencies. At the end of trading early this morning the price of cocoa futures closed most actively monitored and recorded an increase. The commodity price closed up by 13 dollars, or 0.54 percent at 2,415 dollars per ton.

Tonight will be released the data ADP US Employment Change November indicated increases. If realized, it will strengthen the US dollar.

Analyst estimates that the price of cocoa futures for the next trade will weaken by the US dollar strengthening. Cocoa futures on ICE Futures New York has the potential to penetrate the support level at 2,365 dollar. If the Support level is successfully penetrated the next level is 2,315 dollars.

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ICE Futures price of cocoa futures at the end of trading on Thursday morning (01/12) closed weak. The weakening of cocoa prices triggered the strengthening US dollar. Increased ADP change on November helped US dollar rose half a percent against a basket of major currencies after last week touched its highest level for nearly 14 years.

A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. So, at the end of trading early this morning the price of cocoa futures contracts observed to be closed down. Commodity prices closed down by 1.08 percent at 2,389 dollars per ton.

Tonight will be released November ISM Manufacturing PMI US which indicated increased from the previous results. If these results are realized, will strengthen the US dollar, so analysts estimate that the price of cocoa futures for the next trade will move in a limited tendency to weaken the building of the US dollar.

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ICE Futures price of cocoa futures in late trade on Friday morning (02/12) closed up. Strengthening cocoa prices pushed the projected increase in demand for cocoa. ICCO, the London-based organization said the processing of raw cocoa into cocoa products, known as grinding, down in the 2015-16 season, by 0.3% or 12,000 tons to 4.141 million tons.

ICCO said demand will exceed supply by 150,000 metric tons, down from the estimate of August amounted to 212,000 tons. At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed with a record increase was observed. The commodity price closed up by 17 dollars, or 0.71 percent at 2,406 dollars per ton.

Cocoa futures to trade potentially weakening further limited by the potential strengthening of the US dollar. For the next trading price of cocoa futures would potentially break support at 2,350 dollars. If the Support level is successfully penetrated the next level is 2,300 dollars.

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Cocoa futures on ICE Futures trading late weekend early Saturday (05/12) was closed down. Weakening prices triggered an increase cocoa production in West Africa. The weather was ideal in Ivory Coast which is considered to represent the West African push figures higher production thus pushing prices lower in the short term.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. The commodity price closed lower at 0.46 percent at 2,395 dollars per ton.

In the weekly price of cocoa fell -0.83 percent, largely triggered by increased production in West Africa, weakening European demand and the strengthening US dollar. Tonight will be released November Non-Manufacturing ISM data indicated increased. If realized, it will strengthen the US dollar.

Analyst estimates that the price of cocoa futures for the next trade will move in the trend of weakening limited by the strengthening US dollar. For the next trade has the potential to penetrate the support level at 2,350 dollar . If the Support level is successfully penetrated the next level is 2,300 dollars

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ICE Futures price of cocoa futures at the end of trading on Tuesday morning (06/12) closed slump. Weakening prices triggered an increase cocoa production in West Africa and Indonesia.

Arrivals continued and major cocoa port in Ivory Coast's largest cocoa producer, and news that exports from the island of Sulawesi in Indonesia more than doubled in November of last year weighed on cocoa.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. Commodity prices closed sharply lower about 1.17 percent at 2,367 dollars per ton.

Analysts estimate that the price of cocoa futures for the next trade will weakening limited by the strengthening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,320 dollars. If the Support level is successfully penetrated the next level is 2,270 dollars.

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Cocoa futures price on ICE Futures at the end of trading on Wednesday morning (12/07) closed slump. Weakening prices triggered an increase cocoa production in Ivory Coast.

Ivory Coast will increase the volume of cocoa can be sold to foreign buyers who do not have a presence in the country to 400,000 tons from 220,000 tons, three senior government source told Reuters on Tuesday. Cocoa and Coffee Council (CCC) Ivory Coast also plans to increase exports of cocoa to 5 percent from 2.5 percent to curb speculation cocoa prices, said the sources.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. Commodity prices closed down by 0.38 percent at 2,358 dollars per ton.

Analysts estimate that the price of cocoa futures for the next trade will move in the trend of limited bearish by the strengthening of US dollar ahead of the planned increase in US interest rates next week. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate support level at 2,310 dollar.

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The price of cocoa futures at the end of trading on Thursday morning (08/12) closed slump. The weakening of cocoa prices hit a 3.5 year triggered harvest in Ivory Coast. Ivory Coast will hold a harvest this year, with market participants forecast to 1.9 million tonnes for sale and Citibank said production will exceed demand this year.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. Commodity prices closed down by 1.44 percent at 2,324 dollars per ton. Tonight will be released the data Jobless Claims last week that indicated declining. If realized, it will strengthen US dollar.

Analysts estimated that the price of cocoa futures for the next trade will weakening by the strengthening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,270 dollar. If the Support level is successfully penetrated the next level is 2,220 dollars.

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ICE Futures price of cocoa futures in late trade on Friday morning closed weak. The weakening of cocoa prices triggered by the strengthening US dollar. US dollar was rise about 0.85 percent against a basket of currencies after ECB's decision to keep interest rates and reduce the purchase of bonds from April 2017.

A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. At the end of trading early this morning the price of cocoa futures contracts was observed to be closed down. Commodity prices closed sharply lower at 2.24 percent at 2,272 dollars per ton.

For the next trading price of cocoa futures on ICE Futures US in New York has the potential to break through support level at 2,220 dollar. If the Support level is successfully penetrated the next level is 2,170 dollars.

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ICE Futures price of cocoa futures at the end of trading on Tuesday morning (13/12) closed bullish. Strengthening cocoa prices encouraged bargain hunting investors. Bargain hunting going on after the cocoa price fell about 9 percent last week, so it is used by investors to buy more at low prices.

Analysts said the market moved from a surplus of cocoa production for a year to a deficit of production with higher prices for farmers in West Africa which helped boost the production at the same time that the weather conditions had improved for developing crops. At the end of trading early this morning the price of cocoa futures was observed to rise. Cocoa closed by 3.23 percent at 2,240 dollars per ton.

Analysts estimate that the price of cocoa futures to trade potentially weakening further limited by the potential strengthening of US dollar. For the next trading price of cocoa futures on ICE Futures New York would potentially break support at 2,190 dollars. If the Support level is successfully penetrated the next level is 2,140 dollars

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ICE Futures price of cocoa futures at the end of trading on Thursday morning (15/12) closed up. Strengthening cocoa prices triggered a decrease in the distribution of cocoa production in Ivory Coast.

Cocoa arrival at the port in top producer Ivory Coast reach 483 255 tonnes on November 30 since the beginning of the season on Oct. 1, according to data seen by Reuters on Wednesday, down nearly 12 percent from 548 494 tonnes in the same period of the previous season.

In November, 272 096 tons arrived at the two ports of Abidjan and San Pedro, compared to 246 420 tonnes in the same month of last season. Figures from marketing boards Coffee and Cocoa Council (CCC) is lower than 548,000 tons of grain exporters are estimated to have shipped to the port of Abidjan and San Pedro 30 November.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed with a record increase was observed. The commodity price closed up by 26 dollars, or 1.14 percent at 2,315 dollars per ton. 

Cocoa futures to trade potentially weakening further limited by the potential strengthening of US dollar. For the next trading price of cocoa futures on ICE Futures New York would potentially break the support level at 2,265 dollars.

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ICE Futures price of cocoa futures in late trade on Friday morning (16/12) closed sharply lower. The weakening of cocoa prices triggered the strengthening US dollar.

The US dollar surged to 14-year highs after the US Federal Reserve raised interest rates and a projected three hikes next year. A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases.

Price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. Commodity prices closed sharply lower at -73 dollars, or -3.15 percent at 2,242 dollars per ton. Tonight will be released the data Building Permits and Housing Starts November that indicated declining. If realized can hit US dollars.

Analysts think that the price of cocoa futures for the next trade will move in a limited tendency to strengthen the weakening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,290 dollar.

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ICE Futures price of cocoa futures at the end of trading on Tuesday morning (20/12) closed up. Strengthening cocoa prices triggered short covering. Cocoa futures rose higher, driven in part by news that speculators have increased further the already large short positions, pushing some estimates spaces for short-term price rebound.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed with a record increase was observed. The commodity price closed up by 65 dollars, or 2.90 percent at 2,303 dollars per ton.

Analysts estimated that the price of cocoa futures to trade the potential to strengthen further limited by the potential weakening of the US dollar. For the next trading session the price of cocoa futures on ICE Futures New York would potentially penetrate the resistance level at 2,350 dollar.

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Cocoa futures at the end of trading on Thursday morning closed up. Strengthening cocoa prices triggered by the weakening US dollar. US Dollar retreat from the peak position of 14 years overnight profit taking depressed.

A weakening US dollar makes dollar-based commodities cocoa becomes cheaper in other currencies. At the end of trading early this morning the price of cocoa futures contract closed with a record increase was observed. The commodity price closed up $ 23 dollars or 1.02 percent at 2,279 dollars per ton.

Many analysts estimate that the price of cocoa futures for the next trade will weaken the US dollar strengthening. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,230 dollar.

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Cocoa futures on ICE Futures trading late weekend closed up. Strengthening the cocoa price action triggered bargain hunting. Cocoa futures higher, triggered bargain hunting after the previous session fell nearly 4 percent, which was the lowest price since 3.5 years.

 

The increase in cocoa prices also supported the weakening US dollar. At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed up by 75 dollars, or 3.43 percent at 2,264 dollars per ton.

 

Analysts think the price of cocoa futures to trade the potential to strengthen further limited by the potential weakening of the US dollar. For the next session would potentially penetrate the resistance level at 2,310 dollar . If the resistance level is successfully penetrated the next level is 2,360 dollars. 

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Price of cocoa futures at the end of trading on Wednesday morning (28/12) closed slump on ICE NY futures. Weakening prices dampened prospects for increased cocoa production in Ivory Coast with the support of the weather.

Harmattan, a dusty wind from the Sahara which usually arrive between December and March, may cut production and damage the quality of cocoa beans with a slew of small pods and dry soil. Last year, high winds causing severe damage. Farmers also reported good growing conditions in the western region, and in the southern region.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed down observed. Commodity prices closed down by 1.19 percent at 2,237 dollars per ton.

For the next trading price of cocoa futures on ICE Futures US has the potential to penetrate the support level at 2,190 dollar . If the Support level is successfully penetrated the next level is 2,140 dollars.
 

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Cocoa futures at the end of the final trading day of 2016, early Saturday (31/12) closed slump. Cocoa futures fell to their lowest level in more than 3.5 years due to the rapid production in top grower Ivory Coast heightened concerns about excess supply in the 2016/17 season.

Dealers said the distribution of cocoa to ports in Ivory Coast has been running well in the past year and now many global surplus expected for this season. The price of cocoa experienced a huge fall -32.61 percent. The collapse of cocoa prices largely eroded by rising global surplus estimate.

Analysts estimated that Cocoa futures for the next trade will move in a limited tendency to weaken with an estimated global surplus and the strengthening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,080 dollar.

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ICE Futures price of cocoa futures at the end of trading on Thursday morning closed up. Strengthening cocoa prices triggered by the weakening US dollar. 

US Dollar retreat after the release of the minutes of the Fed meeting gives the uncertainty surrounding the outlook for growth and inflation. A weakening US dollar makes dollar-based commodities cocoa becomes cheaper in other currencies.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed with a record increase was observed. Soaring commodity prices closed at 71 dollars or 3.28 percent at 2,237 dollars per ton.

Analysts estimated that Cocoa futures price later potentially powerful against US dollar which weakening. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,290 dollar.

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ICE Futures price of cocoa futures in late trade on Friday morning (06/01) closed up. Strengthening cocoa prices triggered by the weakening US dollar. A weakening US dollar makes dollar-based commodities cocoa becomes cheaper in other currencies.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed with a record increase was observed. Soaring commodity prices closed at 25 dollars or 1.12 percent at 2,262 dollars per ton.

Analysts estimated that Cocoa futures' price to hereinafter potentially powerful trading with US dollar's weakening. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,310 dollar.

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Cocoa futures on ICE Futures closed down slightly. Flat movement cocoa prices triggered the pull of the strengthening US dollar sentiment with impaired distribution of cocoa in Ivory Coast. A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases.

Meanwhile an industry source said authorities blocked the Ivory Coast cocoa exports because the price difference is determined by the board of the national cocoa futures prices in London trading. Trucks which is carrying thousands of tons of cocoa has been blocked at the main port of the Ivory Coast, the world's top producer. 

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed down slightly observed. Commodity prices closed down by 0.04 percent at 2,261 dollars per ton.

With that data, many analysts estimated that Cocoa futures for the next session will weaken limited by the strengthening of US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,210 dollar.

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ICE Futures price of cocoa futures at the end of trading on Wednesday morning (11/01) closed up. Strengthening cocoa prices triggered bargain hunting traders. Bargain hunting occurs in overnight trading after the price of cocoa fell 3.41 percent, after the unrest in Ivory Coast eased. The decline in prices has sparked buying cocoa trader.

The main crop harvest is almost finished in the world's top cocoa producer and farmers watched the weather for the next production cycle. Hot and dry weather last week but remain adequate soil moisture, said the farmer. Harmattan, a dry wind that blows in the dust from the Sahara between December and March, has been mild so far. Last year the strong winds and cause serious crop damage.

At the end of trading early this morning the price of cocoa futures contracts for March 2017 which is the most active contract closed with a record increase was observed. The commodity price closed up $ 23 dollars or 1.05 percent at 2,207 dollars per ton.

Analysts estimated that the price of cocoa futures hereinafter potentially weak trading with US dollar strengthening. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,150 dollar.

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The price of cocoa futures at the end of trading on Thursday morning (12/01) closed slump. The weakening of cocoa prices triggered an increase in supply in the Ivory Coast. Last weekend Ivory Coast President Ouattara said he reached an agreement with the army to avoid further problems. Shot in the cities stop and the business returned to normal.

But at the same time, the price of cocoa turned and moved lower. One of the most bearish weighed on the cocoa market right now is a great plant and oversupply facing the market. At the end of trading early this morning Cocoa contracts in March 2017 which is the most active contract was observed fell down. Prices closed down by 3.62 percent at 2,127 dollars per ton.

Analysts estimated that Cocoa futures for the next session will have limited tendency to strengthening itself by the weakening movement of US Dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,180 dollar.

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Price of cocoa futures in late trade on ICE futures closed up. Strengthening cocoa prices triggered by a short covering merchant. Short covering occurs after cocoa prices fell in trading yesterday. Short covering also boosted the demand outlook by 18.7% rise in cocoa grinding Malaysia for fourth quarter 2016.

 

At the end of trading early this morning the price of cocoa futures contracts for March 2017 which is the most active contract closed monitored by posting a sharp increase. The commodity price closed soared by 4.84 percent at 2,230 dollars per ton.

 

Analysts estimated that Cocoa futures price hereinafter potentially weak by US Dollar which is strengthening further. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,180 dollars.

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Cocoa futures on ICE Futures trading late weekend early Saturday (14/01) was closed down. The weakening of cocoa prices occurred after the agreement signed between the government of Ivory Coast with a group of rebel soldiers linked bonus payments.

Disgruntled soldiers in Ivory Coast reached an agreement with the government Friday to resolve the dispute in bonus payments that had threatened to reignite national army mutiny, a negotiator for the rebels said.

At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. Commodity prices closed down by -17 dollars, or -0.76 percent at 2,213 dollars per ton. For weekly price of cocoa fell around 2.12 percent, largely triggered by easing unrest in Ivory Coast last weekend and increased production in the Ivory Coast.

Analysts estimated that Cocoa futures for the next session will weakening limited by strengthening trend of US Dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,160 dollar or even lower.

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Price of cocoa futures in late trade on Friday morning (27/01) was closed down. The weakening of cocoa prices triggered by the strengthening US dollar. The US dollar rebounded from a seven-week low optimism influences the economic and earnings outlook for US companies

A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. At the end of trading early this morning the price of cocoa futures contracts in March 2017 closed slump. Commodity prices fell by 2.74 percent at 2,132 dollars per ton.

Analysts estimated that Cocoa futures for the next session will move in a limited tendency to strengthen the weakening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,180 dollar.

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Price of cocoa futures in late trade on Friday morning (10/02) was closed down. The weakening of cocoa prices triggered a stronger dollar and the availability of supplies. US dollar jumped more than 1 percent against the yen and rose broadly on Thursday after comments from President Donald Trump that he would release tax reform plan in the next few weeks.

A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. The decline in prices was also triggered by the availability of supplies. Dealers said supplies remained ample, with a large global surplus is widely expected for the 2016/17 season.

At the end of trading early this morning the price of cocoa futures contracts in May 2017 which is the most active contract closed slump observed. Commodity prices fell by -0.75 percent at 1,996 dollars per ton.

Analysts estimated that Cocoa futures for the next session will move in a limited tendency to strengthen the weakening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,050 dollar.