Cocoa futures in New York fell on Monday following last week's declines, with trading volume slowing during the London bank holiday. Robusta coffee prices surged to a 45-year high due to bad weather in Vietnam, while China's growing taste for coffee is reshaping the market. Cocoa also saw its biggest gain since at least 1980, jumping over 13% in a single day. The cocoa market is experiencing extreme volatility, with price swings not seen in over 65 years, testing traders' limits.
Cocoa and coffee have become intertwined this year, with extreme weather and shortages fueling rallies of both commodities that test the limits of traders https://t.co/RXoDPeIDhO
Cocoa and coffee have become intertwined this year, with extreme weather and shortages fueling rallies of both commodities that test the limits of traders https://t.co/A3RZBe7yaW
Cocoa climbs in New York — adding to its biggest rally since 1999 — as volatility continues to grip the market https://t.co/px3d66Qezv
Cocoa climbs in New York — adding to its biggest rally since 1999 — as volatility continues to grip the market https://t.co/OW8HIEy2AI
CHART OF THE DAY: The market is broken. Cocoa continues to witness incredible one-day price swings. Last week, prices at one point plunged >15% in a day. Yesterday, prices surged >13% also in one day. Both were the largest swings (to the downside and upside) in 65 years. https://t.co/1bjavWQjxd
#Cocoa jumps more than 1000 dollars as lack of liquidity continues to cause havoc https://t.co/L7sjONq4uZ
Cocoa Posts Biggest Gain Since AT LEAST 1980 🚨 Here we go again! Cocoa soared 13.47%, its largest gain in AT LEAST 44 years https://t.co/IBwrp4Httu
COLUMN: Robusta coffee prices have surged to a 45-year high. The culprit? Bad weather in top producer Vietnam. Left unsaid, however, is a notable development that’s reshaping the market: China is developing a strong taste for coffee. @Opinion #coffee https://t.co/VFtRy2nG6z
Cocoa futures in New York fell Monday, extending last week’s steep declines, as trading volume slowed during the London bank holiday https://t.co/amDOOwJUzg