Coffee Cocoa prices higher data demand in Europe North America fall : Cocoa jumped higher prices of cocoa grindings ahead of data expected tomorrow for Europe and Thursday for North America. The number of tons processed is used as a proxy for demand and
analysts are expecting stagnating demand in Europe and a sharp fall in
North America.
Asian cocoa grindings are Reported usually the week after Europe and the US Of the three regions, estimates of the European grindings have been the least bearish for prices. Europe is the Reviews largest consumer of chocolate in the world.
"If you're a chocoholic, the which I imagine 2/3 of Europe is, sooner or later you've got to get a piece of chocolate," said Jack Scoville, vice president of Price Futures Group in Chicago.
Cocoa for December delivery jumped 2.1% to a two-week high of $ 3.137 a ton on the ICE Futures US exchange, the biggest jump for the most Actively traded contract since June 18.
Cocoa prices have been dropping for three weeks in anticipation of Weaker demand for the main ingredient in chocolate around the world and more recently as the major cocoa growing regions in West Africa see rainfall after two months of drier than normal weather. Analysts said much of Tuesday's bounce is Likely traders buying futures to cover Reviews their bearish bets in case the European grindings come in higher.
coffee dipergangangkan stable while Cocoa increased significantly, dry weather in Brazil is expected to continue to menghabat flowers growing coffee plants.
The latest reports from traders (Commitment of Traders) in exchange arabica coffee New York for the sector Managed Money fund diturukan to a net short sold amounted to 33.25 percent, or as much as 13.427 Lots weeklong trade since 6 October, whereas for the position net long increased by 1:46% as many as 26.064 Lots are in registration. Non-Commercial in the sector while lowering Speculative net short positions sold amounted to 27.23% or a net short position of 21.131 Lots.
Robusta coffee from the London stock exchange the latest report from the merchant or the Commitment of Traders lowered Speculative market positioning for the sector amounted to 10.34%, the trading week ahead of Tuesday, October 6th by registering net short 10 825 lots sold for the equivalent of 5,990,545 bags.
Meteorological forecast estimates Badab light rainfall in some coffee-producing areas in Brazil is likely to start next October 22, warned that this raises concerns coffee flowering plants can be damaged.
Latest weather forecast in southern Brazil shows rainfall is minimal, and the drought will continue until the end of this month. While the drought in Central America appears to have made the coffee plants in the country were damaged could lower the production rate of up to 9-10 percent for the coming period.
Recent reports from Costa Rica, Colombia and Nicaragua that show good potential for new plants from these countries, it appears to be gaining more than 5 percent from the previous period, these fundamentals can help supply coffee for the medium term.
In today's trading on Tuesday ,October 13 2015, arabica coffee in New York Stock Exchange for delivery in December at 10 48 GMT rose 0.70 cents, or 0.41 percent at $ $ 135.20 per lb, the highest closing price since August 19. London robusta coffee in exchange for the November contract fell by $ 2at level of $ 1.619 per ton.
While today traded cocoa improves after dry cocoa forecasts Europe as will decline during the third quarter data will be released tomorrow. Meanwhile, according to Commerzbank cocoa output from North America will decrease by 2 -10 percent of this year's third quarter trade data will be released on Thursday.
Asian cocoa grindings are Reported usually the week after Europe and the US Of the three regions, estimates of the European grindings have been the least bearish for prices. Europe is the Reviews largest consumer of chocolate in the world.
"If you're a chocoholic, the which I imagine 2/3 of Europe is, sooner or later you've got to get a piece of chocolate," said Jack Scoville, vice president of Price Futures Group in Chicago.
Cocoa for December delivery jumped 2.1% to a two-week high of $ 3.137 a ton on the ICE Futures US exchange, the biggest jump for the most Actively traded contract since June 18.
Cocoa prices have been dropping for three weeks in anticipation of Weaker demand for the main ingredient in chocolate around the world and more recently as the major cocoa growing regions in West Africa see rainfall after two months of drier than normal weather. Analysts said much of Tuesday's bounce is Likely traders buying futures to cover Reviews their bearish bets in case the European grindings come in higher.
coffee dipergangangkan stable while Cocoa increased significantly, dry weather in Brazil is expected to continue to menghabat flowers growing coffee plants.
The latest reports from traders (Commitment of Traders) in exchange arabica coffee New York for the sector Managed Money fund diturukan to a net short sold amounted to 33.25 percent, or as much as 13.427 Lots weeklong trade since 6 October, whereas for the position net long increased by 1:46% as many as 26.064 Lots are in registration. Non-Commercial in the sector while lowering Speculative net short positions sold amounted to 27.23% or a net short position of 21.131 Lots.
Robusta coffee from the London stock exchange the latest report from the merchant or the Commitment of Traders lowered Speculative market positioning for the sector amounted to 10.34%, the trading week ahead of Tuesday, October 6th by registering net short 10 825 lots sold for the equivalent of 5,990,545 bags.
Meteorological forecast estimates Badab light rainfall in some coffee-producing areas in Brazil is likely to start next October 22, warned that this raises concerns coffee flowering plants can be damaged.
Latest weather forecast in southern Brazil shows rainfall is minimal, and the drought will continue until the end of this month. While the drought in Central America appears to have made the coffee plants in the country were damaged could lower the production rate of up to 9-10 percent for the coming period.
Recent reports from Costa Rica, Colombia and Nicaragua that show good potential for new plants from these countries, it appears to be gaining more than 5 percent from the previous period, these fundamentals can help supply coffee for the medium term.
In today's trading on Tuesday ,October 13 2015, arabica coffee in New York Stock Exchange for delivery in December at 10 48 GMT rose 0.70 cents, or 0.41 percent at $ $ 135.20 per lb, the highest closing price since August 19. London robusta coffee in exchange for the November contract fell by $ 2at level of $ 1.619 per ton.
While today traded cocoa improves after dry cocoa forecasts Europe as will decline during the third quarter data will be released tomorrow. Meanwhile, according to Commerzbank cocoa output from North America will decrease by 2 -10 percent of this year's third quarter trade data will be released on Thursday.
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