Wt Cocoa 2x Discussion Threads

[daveas] 07/10/2024 20:58

The world's top cocoa grower began its 2024/25 cocoa season on Oct. 1. Cocoa arrivals at ports were at 13,000 tons by Oct. 6, a 74% decline from the previous year.Hello everybody but this could be a sign of things to come in Ghana and Ivory Coast .cocoa stocks at 15yr record low.Cocoa is going to soar especially with all the hoarding and smuggling

[linz22] 14/8/2024 10:31

With improved conditions in W.Africa, might be expected highs here now at 60p ?

[linz22] 28/6/2024 09:25

Goodness. Don't know whether to stick or twist here these days..

[3ootuk] 30/4/2024 20:01

A quick 30% today. Absolutely silly.
It seems manual traders have already booked profits and are out after margin calls, but trading algorithms took over this morning self perpetuating the sharp fall as they all received sell signals.

All depends how much it recovers now.
Nigeria increased exports, though the underlying story hasn't changed.

[3ootuk] 30/4/2024 09:12

HL closed trading for a while due to a disorderly market, and sell price higher than buy price

[linz22] 30/4/2024 08:09

Yet, conditions for shortage in cocoa production still prevail..

Ironic.

..or, a godsend of a buying opportunity..?

[3ootuk] 30/4/2024 06:09

News that exchanges are asking for more margin to hold positions, so many longs have closed.

[linz22] 30/4/2024 01:36

Hmm, that's a huge fall at the end of the day.

What gives..?

[daveas] 01/4/2024 16:56

Get ready for big rise Tuesday morning up over 4% in us today therefore 8%plus inLCOC tomorrow

[3ootuk] 25/3/2024 17:29

Many thanks for your post on other boards Daveas, I'm only here since that.

[daveas] 25/3/2024 16:23

Been in since feb if you do research you will find 70% cocoa comes from ivory coast and ghana where the processors have either stopped or reduced capacity to 20% due to poor bean harvest,smuggling,root disease plus processors cant afford higher prices etc etc can only go higher.Back in 1970s cocoa went to equivalent to 24,000 dollars without much destruction of demand.manufacturers just reduce size of easter eggs so same price this year as last year but no one remembers the weight change as they still say xl big con artists

[3ootuk] 25/3/2024 15:39

A few commentators saying it's reached fair value, but that these things tend to overshoot and could go stupidly higher as speculation takes over with fomo.

[trewsa] 25/3/2024 14:47

I wish I had been instead of watching it go up.Will now chance a small amount.

[3ootuk] 22/3/2024 19:54

Anyone else still following this given this years shortages?

[mcbeanburger] 28/3/2013 07:56

no buy signals yet for me... can't make over the monthly pivot so its a wait for me.

[stuart14] 27/3/2013 16:20

Just starting to look at Cocoa vehicles. This looks pretty good. Anyone know of any better ways to get exposure?

[mcbeanburger] 24/9/2012 20:16

hi hec - trust you are well.

coccoa taking a break right now... buy point is coming or daily trend change. i will wait for the signal.

sugar still on formal downtrend. higher low is in but needs a few ma's to switch sides before i'll get interested.

[hectorp] 24/9/2012 14:32

It has come up a fair bit recently McBean, but look at the hight of year 2011 chart! over $40. Close watch for me. I think SUGA should take off next 1-2 months it usually does, but if Cocoa takes off, the rise would be stronger.
H.

[mcbeanburger] 31/8/2012 07:50

zzzzzzzzzzzzz quiet fred given the latest movements.... still got some upside me thinks.

(thanks rivot for the intro)

[gramsci] 31/3/2011 13:33

Played this one last year; time to consider it again, economically and politically.

[andrewbaker] 12/10/2009 13:50

Well ... quite a few people have missed out on this one, and there's more to come.

[andrewbaker] 03/7/2009 14:49

My thoughts for now are long cocoa, precious metals, agricultural softs (eg: grains), short industrial metals, and I've taken a flyer on leveraged long natural gas. I'm also short US financials, the S&P 500 and the FTSE.

As things stand right now, I do not think we'll be having a recovery any time soon in the general economy, here, in the US or anywhere alse. Maybe longer term emerging markets may be good. That reminds me, I'm long Australia for both currency and the economy.

[peetrader] 25/6/2009 20:28

Thanks for that. I have a few ETF's on my list to follow, including this one, and will now have a closer look. No, you're not talking to yourself :)

[andrewbaker] 25/6/2009 13:41

With the problems facing cocoa producing, popularity of chocolate (though quality chocolate temporarily losing out to cheap and supermarket brands)and the shortages to come resulting from disease and drought, now is the time to take a long position, particularly as prices are down from their highs.

I may just be talking to myself here.

[andrewbaker] 18/5/2009 14:14

Anyone trading this, long or short?