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US Cocoa Futures - Jul 24 (CCN4)

Real-time capital.com
Symbol
Exchange
Currency
CCDerivedUSD
CCc1ICEUSD
CCc2ICEUSD
CCc3ICEUSD
CCc4ICEUSD
CCc5ICEUSD
Currency in USD
Disclaimer
8,248.00
+712.00(+9.45%)
Closed

US Cocoa Futures Discussions

Tomorrow 9k!
It’s gonna fall down back?
probably not today
I sold tons of cocoa at 7536 Chuck is cyanide poison
That is why I’ve blocked him 😉
you lost money that could have gone to your family. Some people shouldn't have children to make such stupid choices. shame on you
TP next days? 9500-10000?
If it don’t drop today, yes
how would it drop today lol, there is 1 more hour to trade, there is no way this turns around so quickly, bulls won by a shitload today. Also a day like this doesn't stand alone usually. So expect it to continue tomorrow.
You guys are just as stupid every time...
You have lost so much money as you have been wrong several times and almost cried
Never forget that karma can be a bitch, and it tends to cross the paths of those who have a disdainful attitude towards others 🙂
Okay, first I thought you were stupid, now I know you are in fact stupid.
Wow, what a day and what a huge DECLINE... I guess SOMETHING must have happened today. 🤔
WOW, I thought cocoa price reached to 15K like you said before
cocoa is really easy to trade, once it starts running it never comes back, so it doesn't really matter WHEN you buy into a rally or sell into a drop ... you always win, because it just doesn't return, not a single bit. ...The only thing you can't do is sell into a rally or buy into a drop, if you follow that rule, you will always make money in cocoa
John, check May/14 and May/15. Up and down
Push it back to 11K
next week it's there.
I hope so,
crash just around the corner
Do you really think people are so stupid that they would sell everything just so you could catch that train?! Go eat a Snickers and at least stop causing trouble!
But I'm brainwashed and heavily in profit (in contrast to you)...
looool
so strong!
After a few days of observation, I have come to the conclusion that the people giving advice on this forum are pseudo-experts whose main task is to create confusion in the markets. Therefore, I recommend trusting your own intuition; otherwise, you'll end up with nothing…
if you're trading this market you will end up with nothing any ways...
who believes in 9k for the week?? there is an opportunity!
Sure, why not? Looks like the oh-so-big crash everyone was talking about has been canceled, right?
If the majority tells you to jump into the fire because it doesn't burn, would you listen to them?! People, think for yourselves or find a new hobby!!!
time to sell
Flood risk in Indonesia
Said 8k eow, but today 8k will be easy.
We have 8k now
Wow, look how the cocoa price is declining! :D
something
No :O Let the cocoa go up! ;)
Everytime Sophie St begins to write something in this forum, the cocoa price starts declining.
strong uptrend today...
8k today ? Why not?
Quite strong resistance at 7.9k
https://wandilesihlobo.com/2024/05/10/an-end-to-an-el-nino-and-the-possible-return-of-a-la-nina-in-the-2024-25-summer-season-is-positive-for-sa-agriculture/
El Nino, causing droughts in Africa has already ended. Plus La Nina will be announced any week
And what's the point now?!
better crops more supply
Okay.... And now you want to tell us the big boys respectively the market doesn't already know this? Let's go short now before the rest of the market does? Also, do you know what a future contract is and what the prices for future contracts of cocoa already are?
Out of all short positions. Consolidation phase now. For a person who rarely trade commodities there's no more immediate interest here. Back to volatility trading (VIX/VX). If you look for "bubbles" or extreme out of the ordinary price levels take a look at OJ/Orange Juice. May be the next Cocoa case shortly.
How does the energy crisis at the Ivory coast effect the supply ? Does somboday has more informations ?
Yes, but cocoa price falls when cocoa grinding falls
Why ? If there is less material in the market ?
Because people don't know this and think demand is down
9500 in 4 days. Whoever said this is crazy...
Monthly review for April 2024 is out (at ICCO website). Nothing new out there. In short term, the price will be driven by weather in West Africa (rain = drop). In long term, taking into consideration transition from El Nino into La Nina at a record pace, it seems that next crop season (starting from October), finally may be good for cocoa (La Nina = oversupply of cocoa). So I would not be surprised seeing 3000 USD by the end of the year.
LOL .... you are reading what you want to read .... fundamental price in the range of 6.000-8.000 .... Please listen to the speech of ICCO President on youtube ... they will increase the prices ... And no.... rain is not allways drop .... too less rain is no drop ... too much rain no drop .... and it is important when the rain is falling ... At the other side you must have a look for temperture ... etc....
Trade what you want. That's just my opinion. Cocoa was trading from 1700-3500 USD forever, and now fundamentals says, that 8000 USD is fair price, because we had 3 years in the row of worse crop? Maybe, maybe not. Today's price is anomaly and 2000-3000 USD is regular price. Anomaly won't last forever. Just now, the mid crop looks much better than anticipated. Lower deliveries at ports in Ivory and Ghana, are balanced by much better deliveries (like 2x) at Nigeria nad Camerun ports (smuggling I guess - because market prices in those countries, contrary to regulated prices in Ivory and Ghana). Plus there is stockpiling of grains in Ivory by speculators (again - regulated prices). Plus, El Nino, causing droughts in Africa has already ended. Plus La Nina will be announced any week. Good luck with medium/long term longs. You will need it.
And one more thing. There were lower crops, but there was no lack of cocoa grains. Grindins were rising r/r, despite lower crops. How was that possible? Due to inventories, both on stocks (ports) and on producers warehouses. Those inventories has diminished, but are at 2016-2017 levels. Check the price of cocoa back then. Was it 8000-11000 USD? What will happen, if next year crops will be just average? Do you believe, we will have low crops forever?
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