The Latest Breaking News from Ice

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...

Barchart · May 13, 2024

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....

Barchart · May 13, 2024

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...

Barchart · May 10, 2024

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...

Barchart · May 9, 2024

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…

Barchart · May 9, 2024

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...

Barchart · May 9, 2024

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...

Barchart · May 9, 2024

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 · May 9, 2024

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...

Barchart · May 8, 2024

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...

Barchart · May 8, 2024