*Cocoa underpinned by expected 2013/ 14 global deficit. NEW YORK/ LONDON, March 11- Arabica futures extended their steep rally on Tuesday, touching a two-year high as parts of top grower Brazil's coffee belt failed to receive enough rain, while robusta rose to a one-year high.» Read More
*Net profit falls to 229 mln Sfr, beats poll. ZURICH, Nov 7- Barry Callebaut, the world's No. 1 chocolate and cocoa maker, beat analysts' forecasts on Thursday as big food groups, such as Nestle and Mondelez, outsource more chocolate making and as confectionery sales rise worldwide.
Abah Ofon, Director, Agricultural Commodities Research at Standard Chartered explains what's behind the sharp divergence between coffee and cocoa prices this year.
*Cocoa rises as investors seize on low prices. Cocoa futures on both ICE and Liffe were firm but trading within the range of recent sessions. The contract has dropped around 26 percent in 2013 so far, making it the second weakest performer, next to Chicago Board of Trade corn, on the Thomson Reuters/ CoreCommodity CRB index, a global benchmark for commodities.
*Cocoa technical up-trend seen remaining intact. NEW YORK/ LONDON, Oct 22- Robusta coffee futures on Liffe hit a three-year low for the second straight day on Tuesday, ahead of an expected record crop from top grower Vietnam, which dealers say may create a global surplus.
*Cocoa slips as investors take profit after inline N.A grind data. NEW YORK/ LONDON, Oct 18- Raw sugar futures spiked to a one-year-high on Friday after a fire engulfed four warehouses in Brazil's Santos port, jeopardizing a fifth of monthly exports from the top producer's main terminal.
ABIDJAN, Oct 16- Concern that Ivory Coast's main crop cocoa harvest could tail off early provoking a supply crunch has fuelled strong competition among major grinders and pushed up port and farmer prices in the world's top grower.
*Sugar may extend technical rally to 20- 20.50 cents per lb. Oct 11- Metal prices will be stuck in a rut into next year due to festering uncertainty over the timing and scale of tapering in the United States, with soft commodities such as coffee offering a better chance of returns, said Jefferies Bache's president.
*Cargill, ADM, Barry Callebaut buy more than half the world's cocoa. NEW YORK, Oct 9- This past summer, European authorities took just six weeks to approve Barry Callebaut's $950 million purchase of Petra Foods' cocoa business, a deal that created the world's largest cocoa company with a quarter of the $10 billion market.
NEW YORK, Oct 8- Crude oil, copper and soft commodities cocoa and sugar rose on Tuesday, while grains and gold eased as investors remained cautious about the partial U.S. government shutdown and the threat of default. U.S. crude oil futures settled at $103.49 per barrel, up 46 cents, or 0.45 percent.
Cocoa is rose over 2.5 percent in 1 week, and hit a 4-week high on Friday. Alan Knuckman, Trading Advantage, explains how he is using options to profit from the commodity's move.
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.