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Cocoa Dips Below 5K: Bear Market Brew with Vanessa Clark
https://www.instagram.com/vanessaclarkipai
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa prices, what's driving this bear market slide, and some smart tips to navigate it like a pro.
Right now, ICE US cocoa futures for March are trading around 5052 dollars per ton, after dipping below 5000 yesterday for the first time since late November. That's according to the freshest market data from Investing.com and XTB reports. London cocoa is hovering near 3677 dollars per ton too, down sharply on weak demand signals.
What's behind this drop? Weak European grindings hit a 21-year low for the fourth quarter, down over 8 percent year-over-year, per Cocoa Intel's daily report. Demand fears are dominating as processors cut back amid high prices. But supply is looking up, with Ivory Coast's main harvest kicking off strong, farmers reporting bigger, healthier pods, and pod counts 7 percent above average, thanks to great weather in West Africa from sources like Tropical General and Mondelez.
Smaller shipments from Ivory Coast are down 3 percent so far this season, offering a bit of support, and cocoa's getting added to the Bloomberg Commodity Index this month. Citigroup figures that could spark up to 2 billion dollars in buying for New York futures.
For you listeners trading or hedging chocolate biz, here's your takeaway: watch that 4950 to 5000 support zone. If it holds, index buying might bounce prices. Diversify with resilient Asian grind data, which beat expectations despite declines, and consider locking in now before any rebound. Stay nimble, folks, this market's volatile.
Thanks for tuning in, besties. Subscribe, share with your trader pals, and catch you next time on Daily Cocoa Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa prices, what's driving this bear market slide, and some smart tips to navigate it like a pro.
Right now, ICE US cocoa futures for March are trading around 5052 dollars per ton, after dipping below 5000 yesterday for the first time since late November. That's according to the freshest market data from Investing.com and XTB reports. London cocoa is hovering near 3677 dollars per ton too, down sharply on weak demand signals.
What's behind this drop? Weak European grindings hit a 21-year low for the fourth quarter, down over 8 percent year-over-year, per Cocoa Intel's daily report. Demand fears are dominating as processors cut back amid high prices. But supply is looking up, with Ivory Coast's main harvest kicking off strong, farmers reporting bigger, healthier pods, and pod counts 7 percent above average, thanks to great weather in West Africa from sources like Tropical General and Mondelez.
Smaller shipments from Ivory Coast are down 3 percent so far this season, offering a bit of support, and cocoa's getting added to the Bloomberg Commodity Index this month. Citigroup figures that could spark up to 2 billion dollars in buying for New York futures.
For you listeners trading or hedging chocolate biz, here's your takeaway: watch that 4950 to 5000 support zone. If it holds, index buying might bounce prices. Diversify with resilient Asian grind data, which beat expectations despite declines, and consider locking in now before any rebound. Stay nimble, folks, this market's volatile.
Thanks for tuning in, besties. Subscribe, share with your trader pals, and catch you next time on Daily Cocoa Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point Aihttps://www.instagram.com/vanessaclarkipai
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa prices, what's driving this bear market slide, and some smart tips to navigate it like a pro.
Right now, ICE US cocoa futures for March are trading around 5052 dollars per ton, after dipping below 5000 yesterday for the first time since late November. That's according to the freshest market data from Investing.com and XTB reports. London cocoa is hovering near 3677 dollars per ton too, down sharply on weak demand signals.
What's behind this drop? Weak European grindings hit a 21-year low for the fourth quarter, down over 8 percent year-over-year, per Cocoa Intel's daily report. Demand fears are dominating as processors cut back amid high prices. But supply is looking up, with Ivory Coast's main harvest kicking off strong, farmers reporting bigger, healthier pods, and pod counts 7 percent above average, thanks to great weather in West Africa from sources like Tropical General and Mondelez.
Smaller shipments from Ivory Coast are down 3 percent so far this season, offering a bit of support, and cocoa's getting added to the Bloomberg Commodity Index this month. Citigroup figures that could spark up to 2 billion dollars in buying for New York futures.
For you listeners trading or hedging chocolate biz, here's your takeaway: watch that 4950 to 5000 support zone. If it holds, index buying might bounce prices. Diversify with resilient Asian grind data, which beat expectations despite declines, and consider locking in now before any rebound. Stay nimble, folks, this market's volatile.
Thanks for tuning in, besties. Subscribe, share with your trader pals, and catch you next time on Daily Cocoa Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa prices, what's driving this bear market slide, and some smart tips to navigate it like a pro.
Right now, ICE US cocoa futures for March are trading around 5052 dollars per ton, after dipping below 5000 yesterday for the first time since late November. That's according to the freshest market data from Investing.com and XTB reports. London cocoa is hovering near 3677 dollars per ton too, down sharply on weak demand signals.
What's behind this drop? Weak European grindings hit a 21-year low for the fourth quarter, down over 8 percent year-over-year, per Cocoa Intel's daily report. Demand fears are dominating as processors cut back amid high prices. But supply is looking up, with Ivory Coast's main harvest kicking off strong, farmers reporting bigger, healthier pods, and pod counts 7 percent above average, thanks to great weather in West Africa from sources like Tropical General and Mondelez.
Smaller shipments from Ivory Coast are down 3 percent so far this season, offering a bit of support, and cocoa's getting added to the Bloomberg Commodity Index this month. Citigroup figures that could spark up to 2 billion dollars in buying for New York futures.
For you listeners trading or hedging chocolate biz, here's your takeaway: watch that 4950 to 5000 support zone. If it holds, index buying might bounce prices. Diversify with resilient Asian grind data, which beat expectations despite declines, and consider locking in now before any rebound. Stay nimble, folks, this market's volatile.
Thanks for tuning in, besties. Subscribe, share with your trader pals, and catch you next time on Daily Cocoa Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI