The Latest Breaking News from Ice

Soft commodities have been the leading sector of the raw materials asset class in 2023. In 2022, coffee and cotton futures reached over decade highs in February and May. The prices have come down from the 2022 highs, but nearby Arabica coffee futures have made higher lows since the October…

July ICE NY cocoa (CCN23 ) on Friday closed up +31 (+0.98%), and July ICE London cocoa #7 (CAK23 ) closed up +48 (+1.99%). Cocoa prices Friday climbed to 1-month nearest-futures highs. Cocoa extended Thursday's gains on positive carryover on concern that an El Nino weather event could undercut global...

July ICE NY cocoa (CCN23 ) on Thursday closed up +46 (+1.48%), and July ICE London cocoa #7 (CAK23 ) closed up +23 (+0.96%). Cocoa prices Thursday extended this week's rally to 1-month nearest-futures highs. Thursday's decline in the dollar index (DXY00 ) to a 2-week low was bullish for...

July arabica coffee (KCN23 ) this morning is up +9.00 (+4.85%), and July ICE robusta coffee (RMN23 ) is up +83 (+3.10%). Coffee prices this morning are sharply higher, with arabica posting a 3-week nearest-futures high and robusta posting a 2-week high. Fund buying fueled a surge in coffee prices...

Cocoa prices continue to consolidate at over $3,000 per ton. The soft commodity is the latest to join the bullish party in a sector that has led the commodities asset class over the past year.

July ICE NY cocoa (CCN23 ) on Wednesday closed up +58 (+1.90%), and July ICE London cocoa #7 (CAK23 ) closed up +34 (+1.44%). Cocoa prices Wednesday posted moderate gains, with NY cocoa posting a contract high and London cocoa posting a 2-week high. Cocoa prices rallied on concern that...

July arabica coffee (KCN23 ) on Wednesday closed up +2.80 (+1.53%), and July ICE robusta coffee (RMN23 ) closed up +60 (+2.30%). Coffee prices Wednesday posted moderate gains, with robusta climbing to a 2-week high. A weaker dollar Wednesday (DXY00 ) was supportive of coffee prices. Smaller ICE arabica inventories...

July arabica coffee (KCN23 ) this morning is up +2.05 (+1.12%), and July ICE robusta coffee (RMN23 ) is up +57 (+1.87%). Coffee prices this morning are moderately higher, with robusta posting to a 2-week high. A weaker dollar today (DXY00 ) is supportive of coffee prices. Robusta is also...

July ICE NY cocoa (CCN23 ) on Tuesday closed down -11 (-0.36%), and July ICE London cocoa #7 (CAK23 ) closed down -4 (-0.17%). Cocoa prices Tuesday gave up early gains and closed slightly lower as a stronger dollar (DXY00 ) sparked long liquidation in cocoa futures. Cocoa has been...