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The Latest Breaking News from Ice

Coffee Prices Fall as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) on Monday closed down -5.10 (-2.54%), and July ICE robusta coffee (RMN24 ) closed down -41 (-1.19%). Coffee prices on Monday retreated due to a recovery in ICE coffee inventories. ICE-monitored arabica coffee inventories on Monday climbed to a 13-month high of 721,723 bags. Also,...

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Cocoa Prices Plummet on Rain Forecasts for West Africa

July ICE NY cocoa (CCN24 ) this morning is down -1,707 (-19.20%), and July ICE London cocoa #7 (CAN24 ) is down -1,550 (-20.49%). Cocoa prices this morning plunged to 1-week lows and are sharply lower. Forecasts for rain in West Africa are boosting the outlook for cocoa crops and...

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Coffee Prices Slide as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) this morning is down -4.80 (-2.39%), and July ICE robusta coffee (RMN24 ) is down -47 (-1.37%). Coffee prices today are sharply lower on a recovery in ICE coffee inventories. ICE-monitored arabica coffee inventories last Friday climbed to a 13-month high Tuesday of 711,871 bags....

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Cocoa Prices Higher on Global Cocoa Shortages

July ICE NY cocoa (CCN24 ) today is up +206 (+2.37%), and July ICE London cocoa #7 (CAN24 ) is up +54 (+0.72%). Cocoa prices are seeing underlying support today from global cocoa shortages. Cocoa prices plunged from the mid-April record high to a 2-month low in early-May, but have...

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Coffee Prices Ease on Stronger Dollar

July arabica coffee (KCN24 ) today is down -1.00 (-0.50%), and July ICE robusta coffee (RMN24 ) is up +4 (+0.12%). July arabica coffee today posted a 1-week high but then fell back on some pre-weekend technical selling and the stronger dollar. Coffee prices have underlying support from insufficient rainfall...

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Costa Rica Announces Electricity Rationing Plan Amid Drought

Hydroelectric plants are responsible for supplying 70% of the Central American country's electricity, and the state-run electricity company, ICE, has partially blamed the drought problem on El Niño. The present situation has forced the Costa Rican government to announce the electricity rationing plan.

Latin Times

New York City and Harris County, Texas, lead in number of migrant deportations this year

Over 600,000 people have been deported so far this fiscal year. Los Angeles County, Dallas County and Miami-Dade complete the top five

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Cocoa Prices Finish Higher on Global Cocoa Shortages

July ICE NY cocoa (CCN24 ) on Thursday closed up +61 (+0.71%), and July ICE London cocoa #7 (CAN24 ) closed up +39 (+0.52%). Cocoa prices recovered from early losses on Thursday and posted moderate gains. Extreme volatility in cocoa prices has gripped the market since prices soared to an...

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Coffee Prices Climb on Insufficient Rain in Vietnam and Brazil

July arabica coffee (KCN24 ) on Thursday closed up +3.90 (+1.97%), and July ICE robusta coffee (RMN24 ) closed up +25 (+0.73%). Coffee prices on Thursday settled moderately higher. Insufficient rainfall in Vietnam and Brazil may lead to lower coffee yields and is supportive for prices. The Buon Ma Thuot...

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Will World Sugar Futures Find a Bottom?

World sugar futures rose 2.69% in 2023 and were 9.43% higher in Q1 2024. In early Q2, the world sugar futures declined to below 20 cents per pound, the lowest price since early 2023. Given the price action in the other soft commodities, lower sugar prices could be a sweet…

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Cocoa Prices Supported by Limited Global Supplies

July ICE NY cocoa (CCN24 ) this morning is up +36 (+0.42%), and July ICE London cocoa #7 (CAN24 ) is up +21 (+0.28%). Cocoa prices this morning recovered from early losses and are moderately higher. Extreme volatility in cocoa prices has gripped the market since prices soared to an...

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Insufficient Rain in Vietnam and Brazil Pushes Coffee Prices Higher

July arabica coffee (KCN24 ) this morning is up +2.60 (+1.32%), and July ICE robusta coffee (RMN24 ) is up +50 (+1.46%). Coffee prices this morning are moderately higher. Insufficient rainfall in Vietnam and Brazil may lead to lower coffee yields and is bullish for prices. The Buon Ma Thuot...

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Current pace of deportations from U.S. is 50% higher than Trump administration's peak

Over 600,000 people have been deported either by immigration judges, ICE or Border Patrol

Latin Times

Cocoa Prices Post Modest Gains as Global Supplies Remain Tight

July ICE NY cocoa (CCN24 ) on Wednesday closed up +24 (+0.28%), and July ICE London cocoa #7 (CAN24 ) closed up +6 (+0.08%). Cocoa prices posted modest gains on Wednesday as a global cocoa shortfall persists. Extreme volatility in cocoa prices has gripped the market since prices soared to...

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Coffee Prices Erase Early Losses on Forecasts for Limited Rain in Brazil

July arabica coffee (KCN24 ) on Wednesday closed up +0.90 (+0.46%), and July ICE robusta coffee (RMN24 ) closed up +36 (+1.07%). Coffee prices recovered from early losses on Wednesday and posted moderate gains. Forecasts for limited rainfall in Brazil until late next week sparked some short covering in coffee...

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Cocoa Prices Supported by Tight Global Supplies

July ICE NY cocoa (CCN24 ) this morning is up +47 (+0.55%), and July ICE London cocoa #7 (CAN24 ) is up +15 (+0.20%). Cocoa prices this morning are moderately higher as a global cocoa shortfall persists. Extreme volatility in cocoa prices has gripped the market since prices soared to...

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Arabica Coffee Prices Slip as ICE Inventories Rebound

July arabica coffee (KCN24 ) this morning is down -0.50 (-0.25%), and July ICE robusta coffee (RMN24 ) is up +26 (+0.77%). Coffee prices this morning are mixed. Arabica coffee is under modest pressure today on a rebound in ICE coffee inventories after ICE-monitored arabica coffee inventories on Tuesday rose...

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Cocoa Closes Sharply Higher as Prices Recover Some of Last Week's Plunge

July ICE NY cocoa (CCN24 ) on Tuesday closed up +1,022 (+13.47%), and July ICE London cocoa #7 (CAN24 ) closed up +579 (+8.41%). Cocoa prices rallied sharply on Tuesday as they recovered from some of last week's sharp decline. Extreme volatility in cocoa prices has gripped the market since...

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Arabica Coffee Rebounds on Prospects of Limited Rain in Brazil

July arabica coffee (KCN24 ) on Tuesday closed up +1.45 (+0.74%), and July ICE robusta coffee (RMN24 ) closed down -163 (-4.60%). Coffee prices on Tuesday settled mixed, with robusta falling to a 6-week low. Robusta coffee closed sharply lower Tuesday as it reopened after being closed on Monday for...

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Cocoa Prices Jump Sharply in Volatile Trade

July ICE NY cocoa (CCN24 ) this morning is up +1,025 (+13.51%), and July ICE London cocoa #7 (CAN24 ) is up +583 (+8.47%). Cocoa prices this morning are sharply higher as they recover some of the large losses posted over the past week. Extreme volatility in cocoa prices has...

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Coffee Prices Under Pressure on Improved Supply Prospects

July arabica coffee (KCN24 ) this morning is down -0.10 (-0.05%), and July ICE robusta coffee (RMN24 ) is down -193 (-5.45%). Coffee prices this morning are weaker, with arabica posting a 5-week low and robusta falling to a 6-week low. A rebound in ICE coffee inventories has also eased...

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Cocoa Prices Finish Sharply Lower as Open Interest Plunges

July ICE NY cocoa (CCN24 ) on Monday closed down -557 (-6.84%), and July ICE London cocoa #7 (CAN24 ) did not trade with markets in the UK closed Monday for the May Day holiday. Cocoa prices fell sharply on Monday due to illiquid trading conditions as open interest in...

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Arabica Coffee Closes Lower as Global Supplies Rebound

July arabica coffee (KCN24 ) on Monday closed down -5.55 (-2.76%), and July ICE robusta coffee (RMN24 ) did not trade with markets in the UK closed Monday for the May Day holiday. Arabic coffee prices on Monday extended their two-week-long slide to a 1-month low. Coffee prices are weighed...

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Cocoa Prices Sink in Illiquid Trading

July ICE NY cocoa (CCN24 ) this morning is down -540 (-6.63%), and July ICE London cocoa #7 (CAN24 ) is not trading today, with markets in the UK closed for the May Day holiday. Cocoa prices this morning are sharply lower in illiquid trading conditions as open interest in...

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Coffee Prices Under Pressure as Global Supplies Rebound

July arabica coffee (KCN24 ) this morning is down -5.10 (-2.54%), and July ICE robusta coffee (RMN24 ) is not trading today with markets in the UK closed for the May Day holiday. Arabic coffee prices today extended their two-week-long slide to a 1-month low. Coffee prices are weighed down...

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