NEW YORK, Nov 15- Coffee had its biggest gain in more than two years in London, reflecting bad harvesting weather for Vietnam's robusta crop, while cocoa rallied in New York as the "softs" markets dominated Friday's action in commodities. Coffee and cocoa had among the biggest gains of the day on the Thomson Reuters/ Core Commodity CRB index.» Read More
NEW YORK, June 20- Archer Daniels Midland Co said on Thursday it is in talks to sell its cocoa business in a further sign that the U.S. agribusiness giant is focusing on expanding its footprint in the burgeoning global grains sector.
Jonathan Parkman, head of agriculture at Marex Spectron, told CNBC, Cocoa is very prone to disease and that creates more volatility in the market, the major manufacturers have been educating the farmers to try and reduce this.
Luke Chandler, Global Head of Agri Commodity Markets Research, Rabobank says that grain prices will head higher in the coming months.
Cocoa — the main ingredient for Kit Kats, Hershey’s bars and Snickers — may rally into the second-half of this year as low rainfall and drier weather forecast for Ivory Coast, the world’s leading cocoa supplier, threaten to reduce yields and deplete global stockpiles.
When it comes to playing it safe with commodities, you'll want a portfolio with winners to offset the inevitable losers.
Cocoa prices have fallen about 30 percent in the past twelve months, but Keith Flury, Senior Commodity Analyst at Rabobank says they will continue to edge lower in the short-term.
There may be no better way to appreciate the diversity of exchange traded funds than by looking at the commodities sector of the asset class.
Premium Swiss chocolate maker Lindt & Spruengli on Thursday warned that commodity markets remain volatile and that consumer sentiment is hit by the prospects of a worsening employment market.
Here's what moving in commodities Thursday morning:
Discussing the uptick in commodities and whether it's justified, with Sterling Smith, Country Hedging Inc., and John Kilduff, Again Capital.
Markets have overreacted to recent concerns on oversupply in soft commodities, and the fundamentals do not support the recent sell-off, Sudakshina Unnikrishnan, analyst at Barclays Capital, told CNBC on Tuesday.
The Commodities Futures Trading Commission will be looking at the role of speculators in recent volatile commodities pricing, Commissioner Bart Chilton told CNBC Friday.
International shipping companies have resumed deliveries of cocoa from the world’s largest supplier but analysts say the commodity will remain volatile for the foreseeable future.
Much like housing years ago, food has become something bigger than itself. It's about far more than sustenance. It's about commodities trading, global trade, energy, biotechnology and government policy. Our special report, "Food Economics, explores all of those dimensions.
If you're looking for action, try grains, but even that may be iffy. It all depends on the weather.