Confectioners try to cope with the cocoa crisis
Key points: Cocoa bean prices have tripled in a year, and West Africa’s cocoa bean harvest is falling. US Easter candy sales are…
Commodity market news
Oil, gold, natural gas and other commodities: prices, forecasts, inventory data and events affecting global supply and demand.
Cocoa rally boosts hedge funds
Key points: Trend-focused hedge funds posted an average return of 9%. The top 10 trend funds with high volatility showed a return of 2…
Oil declines after reaching highs
Key points: Oil futures contracts fell on Wednesday after a period of gains. The strengthening of the US dollar makes oil less attract…
African factories are running out of cocoa
Key points: There has been a significant decline in the volume of cocoa bean processing at factories in Côte d’Ivoire and Ghana.…
Soybeans are near unprecedented sales streak
Key points: Traders’ net short position in soybean futures on the Chicago Board of Trade reached a record high. Reasons include …
Gold rally temporarily halted
Key points: Gold prices took a breather after record growth. The growth was caused by a cooling of the US labor market and statements …
US soybean exports exceed expectations
Key points: Soybean export sales exceeded expectations but remain weak. Large inventories in Brazil and low demand from China are hamp…
Oil is rising – OPEC+ cuts production
Key points: OPEC+ extends production cuts. The reduction will be 2.2 million barrels per day. The spread between near and future deliv…