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The Latest Breaking News from Ice

Cocoa Prices Undercut by a Stronger Dollar

July ICE NY cocoa (CCN24 ) today is down -337 (-3.39%), and July ICE London cocoa #7 (CAN24 ) is down -144 (-1.80%). Cocoa prices today are moderately lower. Today's rally in the dollar index to a 3-1/2 week high is pressuring most commodity prices, including cocoa. Last Friday, cocoa...

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Coffee Prices Slip on Brazil Harvest Pressures and Brazilian Real Weakness

July arabica coffee (KCN24 ) today is down -2.40 (-1.07%), and July ICE robusta coffee (RMN24 ) is down -4 (-0.09%). Coffee prices today are trading lower, with arabica sliding to a 2-week low and robusta falling to a 1-week low. Coffee prices are being pressured by a faster pace...

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Border Patrol Faces Challenges In Implementing Asylum Ban

President Biden's asylum suspension leads to challenges in deporting migrants from various regions, highlighting resource limitations and diplomatic hurdles.

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Cocoa Prices Post Moderate Gains on Restrictions of Ivory Coast Cocoa Sales

July ICE NY cocoa (CCN24 ) Friday closed up +61 (+0.62%), and July ICE London cocoa #7 (CAN24 ) closed up +130 (+1.65%). Cocoa prices Friday extended this week's sharp rally to 5-week highs on concern that tight global cocoa supplies will persist in the medium term. Restrictions of Ivory...

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Coffee Prices Close Sharply Lower as Supply Concerns Ease

July arabica coffee (KCN24 ) Friday closed down -9.40 (-4.01%), and July ICE robusta coffee (RMN24 ) closed down -150 (-3.39%). Coffee prices Friday closed sharply lower. A faster pace to Brazil's coffee harvest boosts coffee supplies and undercuts prices. Consulting firm Safras & Mercado reported Friday that Brazil's 2024/25...

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Police Flew Drones Over One California City Nearly 20,000 Times in 6 Years

A WIRED investigation reveals the extent to which residents of Chula Vista are subjected to surveillance from the sky.

Reason

Cocoa Prices Supported by the Outlook for Tight Global Supplies

July ICE NY cocoa (CCN24 ) today is up +88 (+0.89%), and July ICE London cocoa #7 (CAN24 ) is up +88 (+1.12%). Cocoa prices today extended Thursday's sharp rally to 5-week highs on concern that tight global cocoa supplies will persist in the medium term. Lower cocoa production in...

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Coffee Price Slump as Brazil's Coffee Harvest Accelerates

July arabica coffee (KCN24 ) today is down -9.30 (-3.97%), and July ICE robusta coffee (RMN24 ) is down -173 (-3.91%). Coffee prices today are sharply lower. A faster pace to Brazil's coffee harvest is boosting coffee supplies and undercutting prices. Consulting firm Safras & Mercado reported today that Brazil's...

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EV maintenance costs remain high, frustrating buyers and automakers as sales continue to lag behind expectations

Even as new and used EV prices fall, research shows that repair costs are higher and take nearly twice as long.

Fortune

Cocoa Prices End Sharply Higher as the Global Cocoa Deficit Widens

July ICE NY cocoa (CCN24 ) on Thursday closed up +464 (+4.93%), and July ICE London cocoa #7 (CAN24 ) closed up +261 (+3.44%). Cocoa prices closed sharply higher on Thursday due to concern that tight global cocoa supplies will persist in the medium term after the International Cocoa Organization...

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Coffee Settles Mixed as Weather Concerns Support Prices

July arabica coffee (KCN24 ) on Thursday closed up +2.25 (+0.97%), and July ICE robusta coffee (RMN24 ) closed down -46 (-1.03%). Coffee prices Thursday finished mixed. Arabica and robusta coffee on Thursday posted 6-week highs on weather concerns in Brazil and Vietnam. However, robusta gave up its gains and...

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Is the Cocoa Rally Over? Is OJ a Model?

Cocoa futures peaked at a record high in April and ran out of upside steam. While the price has significantly declined, it remains well above the previous record high from the 1970s. If the action in FCOJ is a model, the rally in cocoa could continue after a consolidation period.

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Cocoa Prices Jump on the Outlook for Global Cocoa Deficits to Persist

July ICE NY cocoa (CCN24 ) today is up +566 (+6.02%), and July ICE London cocoa #7 (CAN24 ) is up +255 (+3.360%). Cocoa prices today are sharply higher on concerns that tight global cocoa supplies will persist in the medium-term after the International Cocoa Organization (ICCO) raised its 2023/24...

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Coffee Prices Underpinned by Weather Concerns in Brazil and Vietnam

July arabica coffee (KCN24 ) today is up +2.30 (+0.99%), and July ICE robusta coffee (RMN24 ) is down -16 (-0.36%). Coffee prices today are mixed. Arabica and robusta coffee today posted 6-week highs on weather concerns in Brazil and Vietnam. However, robusta gave up its gains and turned lower...

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Cocoa Prices Slip on Dollar Strength

July ICE NY cocoa (CCN24 ) on Wednesday closed down -149 (-1.56%), and July ICE London cocoa #7 (CAN24 ) closed down -41 (-0.54%). Cocoa prices closed moderately lower on Wednesday as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices saw some long liquidation pressure after...

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Coffee Prices Settle Mixed with Arabica Pressured by Brazilian Real Weakness

July arabica coffee (KCN24 ) on Wednesday closed down -1.95 (-0.83%), and July ICE robusta coffee (RMN24 ) closed up +139 (+3.21%). Coffee prices Wednesday settled mixed, with robusta rallying sharply to a 2-1/2 month high. Arabica coffee was pressured by weakness in the Brazilian real (^USDBRL ), which fell...

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Cocoa Prices Lower on Stronger Dollar

July ICE NY cocoa (CCN24 ) today is down -53 (-0.55%), and July ICE London cocoa #7 (CAN24 ) is down -41 (-0.54%). Cocoa prices today are moderately lower as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices are seeing some fatigue on a lack of...

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Coffee Prices Mixed with Robusta Climbing on Dry Conditions in Vietnam

July arabica coffee (KCN24 ) today is down -1.50 (-0.64%), and July ICE robusta coffee (RMN24 ) is up +108 (+2.49%). Coffee prices today are mixed, with robusta climbing to a 2-1/2 month high. Arabica is under pressure today from weakness in the Brazilian real (^USDBRL), which fell to a...

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Cocoa Prices Consolidate Recent Rally

July ICE NY cocoa (CCN24 ) Tuesday closed down -218 (-2.23%), and July ICE London cocoa #7 (CAN24 ) closed down -25 (-0.33%). Cocoa prices on Tuesday posted moderate losses as they consolidated and corrected lower after rallying by more than +15% over the past week. On Monday, NY cocoa...

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Coffee Closes Higher on Crop Concerns in Brazil and Vietnam

July arabica coffee (KCN24 ) on Tuesday closed up +7.35 (+3.24%), and July ICE robusta coffee (RMN24 ) closed up +60 (+1.40%). Coffee prices on Tuesday settled higher. Coffee continues to be supported by fears that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global production....

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Cocoa Corrects Lower After the Recent Jump in Prices

July ICE NY cocoa (CCN24 ) today is down -290 (-2.97%), and July ICE London cocoa #7 (CAN24 ) is down -61 (-0.80%). Cocoa prices today are posting moderate losses as they correct lower and consolidate after rallying by more than +15% over the past week. On Monday, NY cocoa...

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Coffee Prices Underpinned by Crop Concerns in Brazil and Vietnam

July arabica coffee (KCN24 ) today is up +5.80 (+2.56%), and July ICE robusta coffee (RMN24 ) is up +58 (+1.36%). Coffee prices today are posting moderate gains. Coffee prices continue to be supported by fears that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global...

InsideEVs

Repairing An EV Is 30% More Expensive On Average Than An ICE Vehicle. Here’s Why

Insurance data from Q1 2024 reveals the biggest reason for the cost difference. And no, it’s not because EVs are more expensive to buy.

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Cocoa Prices Close Sharply Higher as Global Cocoa Supply Outlook Worsens

July ICE NY cocoa (CCN24 ) on Monday closed up +444 (+4.76%), and July ICE London cocoa #7 (CAN24 ) closed up +220 (+2.96%). Cocoa prices rallied sharply on Monday, with NY cocoa posting a 5-week high and London cocoa posting a 4-week high. Lower cocoa production in the Ivory...

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Coffee Prices Settle Higher on Dollar Weakness and Crop Concerns

July arabica coffee (KCN24 ) on Monday closed up +4.20 (+1.89%), and July ICE robusta coffee (RMN24 ) closed up +152 (+3.69%). Coffee prices Monday moved higher, with robusta coffee settling sharply higher. Monday's decline in the dollar index to a 2-week low was bullish for most commodity prices, including...

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