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The Latest Breaking News from Ice

Cocoa Prices Finish Higher on Global Supply Woes

July ICE NY cocoa (CCN24 ) on Tuesday closed up +223 (+2.30%), and July ICE London cocoa #7 (CAN24 ) closed up +178 (+2.24%). Cocoa prices Tuesday settled moderately higher, with London cocoa posting a 5-week high and NY cocoa trading just below last Friday's 5-week high. Cocoa has support...

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Coffee Prices Ease on Brazil Harvest Pressures

July arabica coffee (KCN24 ) Tuesday closed down -0.85 (-0.38%), and July ICE robusta coffee (RMN24 ) closed down -40 (-0.94%). Coffee prices on Tuesday gave up an early advance and posted moderate losses, with arabica falling to a 2-week low and robusta falling to a 1-week low. Coffee prices...

Barchart

Will Sugar Reach a Bottom and Reverse Higher?

World sugar futures ran out of upside steam after trading to a twelve-year high in November 2023. The continuous sugar futures contract has made lower highs and lower lows since late 2023, with the latest low in May 2024 at just under the 18 cents per pound level.

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Cocoa Prices Push Higher on Global Supply Woes

July ICE NY cocoa (CCN24 ) today is up +301 (+3.11%), and July ICE London cocoa #7 (CAN24 ) is up +185 (+2.33%). Cocoa prices today are sharply higher, with London cocoa posting a 5-week high and NY cocoa trading just below last Friday's 5-week high. Cocoa has support on...

Barchart

Arabica Coffee Slightly Higher on Dry Conditions in Brazil

July arabica coffee (KCN24 ) today is up +0.30 (+0.14%), and July ICE robusta coffee (RMN24 ) is down -28 (-0.66%). Coffee prices today are mixed. Arabica coffee is supported by the lack of rain in Brazil. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received no rain in...

Barchart

Ferrari Will Keep Making V-12 Engines Until They're Illegal

The latest V-12 can rev to a screaming 10,000 rpm.

Motor1

Migrants Detained in San Diego Are Quietly Being Moved Out of State

Dozens are relocated by ICE, cutting them off from their attorneys and, sometimes, their families.

Capital & Main

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Cocoa Prices Pressured by a Stronger Dollar

July ICE NY cocoa (CCN24 ) on Monday closed down -246 (-2.48%), and July ICE London cocoa #7 (CAN24 ) closed down -54 (-0.68%). Cocoa prices Monday posted moderate losses. Monday's rally in the dollar index (DXY00 ) to a 3-1/2 week high pressured most commodity prices, including cocoa. Last...

Barchart

Coffee Prices Close Lower on Brazil Harvest Pressures and Brazilian Real Weakness

July arabica coffee (KCN24 ) on Monday closed down -3.40 (-1.51%), and July ICE robusta coffee (RMN24 ) closed down -39 (-0.91%). Coffee prices on Monday settled moderately lower, with arabica sliding to a 2-week low and robusta falling to a 1-week low. Coffee prices are being pressured by a...

Barchart

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...

Barchart

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...

Barchart

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...

Barchart

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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Reason

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.

Barchart

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...

Barchart

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...

Fortune

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.

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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...

Barchart

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...

Barchart

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.

Barchart

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...

Barchart

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...

Barchart

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...

Barchart

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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