Cocoa Futures
Cocoa Basics
The precious value of the cocoa bean has long been known. It has even been used as a form of currency in Central and South America before the Spanish conquest. Just as it was a royal luxury in Renaissance Spain, cocoa today is predominantly enjoyed by the wealthier economies such as the U.S., Netherlands, and Germany. Today, it is recognized that cocoa futures represent the benchmark for the world cocoa market.
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Cocoa Futures Contract Specifications
| Product Symbol | CC |
| Exchange | ICEUS |
| Contract Size | 10 metric tons |
| Price Quotation | Dollars per metric tons |
| Contract Months | March, May, July, September, December |
| Minimum Fluctuation | $1.00/metric ton, equivalent to $10.00 per contract. |
| Settlement Procedure | Physical Delivery |
| Daily Price Limit | none |
| Delivery Growths | The growth of any country or clime, including new or yet unknown growths. Growths are divided into three classifications. Group A-Deliverable at a premium of $160/ton (including main crops of Ghana, Lome, Nigeria, Ivory Coast and Sierra Leone). Group B-Deliverable at a premium of $80/ton (includes Bahia, Arriba, Venezuela,Sanchez among others). Group C-Deliverable at par (includes Haiti, Malaysia and all others). |
| Delivery Points | At licensed warehouses in the Port of New York District, Delaware River Port District, Port of Hampton Roads, Port of Albany or Port of Baltimore. |
| First Day Notice | Ten business days prior to first business day of delivery month. |
| Last Trading Day | One business day prior to last notice day. |
| Last Notice Day | Ten business days prior to last business day of delivery month |
Source: ICE Group
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Softs Market News
- Sugar futures pinched by bets for stronger sales: [May 09 04:05 AM] Sugar futures were slipping on Thursday, dropping to their lowest level in about 90 days amid conjecture about increased sales from the globe's refiners, according to Bloomberg. Read more
- Cocoa futures climb after slumping one day prior: [Apr 23 04:09 AM] Speculation about strong sales in the top-growing region was pushing cocoa futures up on Tuesday, according to Bloomberg. Read more
- Coffee futures bounce back: [Feb 20 06:51 AM] Arabic coffee futures bounced back on Wednesday as sentiment grew that recent losses for the soft commodity were overdone, according to Bloomberg. Read more
- Cameroon cocoa exports climb : [Feb 19 09:25 AM] Shipments of cocoa from a West African nation drove nearly 15 percent higher during the five-month period leading up to the end of this past January as compared to the same period last year, according to the nation's board for the soft commodity. Read more
- Cocoa futures gain as rainfall drops on West Africa: [Feb 13 08:03 AM] Wednesday saw cocoa futures climb in value amid generators of the soft commodity taking action to capitalize on reduced values by enhancing their supplies, according to Bloomberg. Read more
Cocoa Futures Price Quotes and Charts
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Cocoa Market Commentary, Analysis and Trade Recs
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