#Cocoa Review $NIB #CC_F

Cocoa Review

Trading noise, the random movement of price over the short term, does not control trends, cycles, and profits. The majority, an emotionally driven group focused solely on price, often interprets it as meaningful information. This leads to confusion, frustration, missed opportunities, and leaves the majority as the bag holders of trend transitions. The Evolution of the Trade helps investors stand separate from the majority.

Cocoa's overall trend, revealed by trends of price, leverage, and time, are defined in the Matrix for subscribers.


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Cocoa Prices Plunge

Cocoa prices continued their sharp two-week selloff, with March NY cocoa down 6.18% to a two-year nearby low and March London cocoa down 6.57% to a 2.25-year low. Prices are being pressured by weak global demand, as high chocolate prices curb consumption, highlighted by a 22% drop in Barry Callebaut’s cocoa sales volume and steep declines in Q4 cocoa grindings across Europe and Asia. Ample supply is adding to the downside, with ICCO reporting global cocoa stocks up 4.2% y/y and favorable West African growing conditions pointing to a stronger harvest. Rising ICE inventories and the EU’s delay of its deforestation regulation have also weighed on prices. Some longer-term support remains from lower shipments from the Ivory Coast and Nigeria and a tighter global surplus outlook, but near-term sentiment remains bearish.

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