Investing.com - Financial Markets Worldwide
🤯 Picked by our AI, this stock rallied more than Nvidia this month, yielding 94% since MarchSee the stock

US Cocoa Futures - Jul 24 (CCN4)

Real-time capital.com
Symbol
Exchange
Currency
CCDerivedUSD
CCc1ICEUSD
CCc2ICEUSD
CCc3ICEUSD
CCc4ICEUSD
CCc5ICEUSD
Currency in USD
Disclaimer
9,291.00
+511.00(+5.82%)
Closed

US Cocoa Futures Discussions

"Unfavorable growing conditions and crop disease on West African farms over the past year have curbed cocoa production and fueled a parabolic rally in cocoa prices. A global cocoa deficit is expected to extend into 2023/24 since current production is insufficient to meet demand." as you see the macro didn't change at all, so i believe we are up for a third big wave
hehe you don't think that's a bit priced in around 10k? :)
There's nothing priced in. People only read 'Ivory Coast' and something like 'down by 30%' (and they read it already for the 10th, 20th or 30th time), then buying like crazy, as if the world were coming to an end. Stupid.
And another one: "Monday's government data showed Ivory Coast farmers shipped 1.12 MMT of cocoa to ports from October 1 to February 18, down -33% from the same time last year." https://www.nasdaq.com/articles/cocoa-prices-soar-to-record-highs-as-ivory-coast-cocoa-production-plummets
https://www.nasdaq.com/articles/cocoa-prices-finish-sharply-higher-ivory-coast-cocoa-production-shrinks
https://www.nasdaq.com/articles/cocoa-prices-finish-sharply-higher-ivory-coast-cocoa-production-shrinks if you guys look at the forecast for the production of cocoa this year the uptrend doesn't seem to be over in fact we could see a bigger rally, rain come and go, that makes the noise not the trend and right now until the chain of supply is fixed we are poisened to go up up, look at coffee robusta which has a very similar chart, already recovered the sharp april fall and hit the high of the year again...
Orange Juice also.
It takes a lot of time to dig into all these data and articles (including past ones), but... regarding the forecast for the production of cocoa: Did you mean the forecast of Cocobod for Ghana's cocoa harvest around 425ish MMT? They already announced these numbers on March 25th and you can read it in articles from April. So it's nothing new at all...
rainy season is coming, as some may not know
the point is, that price is pumped mostly because of dry weather, so this will change. Market is not too smart usually and way too emotional. So they see the rain and make -20% one day
algos and hedge funds have probably piled into cocoa real bad since the parabolic move, I doubt most transactions are by traders or even producers/consumers
Ah, and now you wanna tell us the price will drop by -20% for every rain cloud... sure... People told the same shit when price was at 7k.
Welcome back Saai!
Tomorrow we will see $9640 and closing above is breakout and 800 points rally.
Give me 9400 again cocoa
You won't see that again this week
be careful
tomorrow $9640
25% in 1 week and still screaming buy the dip - you are some greedy bulls
greed always wins ... fear loses.
Better than still screaming 'crash' and 'big short'.....
Back to 9400
What can bulls do with empty pockets ?
I think bulls are loaded now... question is whether they want to remain loaded or lose those gains...
Bulls pockets are full now...
to bad for many bulls, they don't know about fava beans and Nukoko. Soon we will hear loud TIMBER
I hear 9500
Are we talking about market-ready mass products here? No?! Then get lost, go fool someone else!
Added short
R.I.P.
why mate?
Buy the dip. TP 9500
i hope you went out by now, didn't put more longs, it can go down from here.
go up john one more time to 9400
John now long or short?
Back to red babygirl
Moon boys and girls, come down to earth ...
Big Short opened here 9400 TP 9000 SL 9600 Seems like top is forming, also in two hours trading will stop, bulls don't like to hold huge positions overnight cause of gaps and fees.
6k next boys
more like 3,5k
went short. not too confident about it...
mate I've lost £15k in shorts yesterday :D
rough. how're you playing it today?
I made a quick long play. Unfortunately, I closed it too soon to make any significant money. Waiting for this shit to top and short it again.
Almost 40% up in 10 days $2674. This shit it more volatile than crypto lol
my hour begins ?
no, a dip buying opportunity begins. You lost the moment you entered a short.
to late
everything in my watchlist is red, except for cocoa, and i have 20 charts to look at.... also it's almost more green than all other charts combined red xD
How do you explain this?
seems like everyone is selling their gold, stocks, bitcoin, natgas and hell even forex just to buy more cocoa
my dude ... i stopped rationalizing the market a loooong time ago ... don't think ... that's a mistake. Just do what the market does. It's 'that easy' ... i know, hard to believe and this and that .... but in the end that's what it comes down to. DONT THINK! ... if a market goes up, go long. .... if a market goes down, go short ...
Guys next target?
Let's wait and see if it can hold 9.4
Holding strong for now!
Back to 8
I'll add a short position near the end of the day for a gap dawn with tight SL.
gap up 15%, SL won't hit, account empty within a second XD, gonna be fun.
Adding more and more shorts ...
Going more and more broke
I love you Zauber, please add more shorts : )
Ok. Added once more ...
Cocoa going crazy!
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.