Hedge funds rebuind their net long position in agricultural commodities, encouraged by US grain sowing delays, high meat prices and Brazilian frost
Archer Daniels Midland reports a bigger drop in profits than Wall Street expected, hurt by factors from Brazil logistics hiccups to weak cocoa margins
Cocoa futures hit four-month highs, defying scepticism from Archer Daniels Midland and Commerzbank over ideas of market tightness
Macquarie joins commentators in urging caution over near-term cocoa prices, even as processors warn of a further decline in the Asian grind
Europe’s cocoa processing volumes get off to their weakest start since the world financial crisis. But prices rise amid hopes of better data to come
Chocolatier Barry Callebaut reports a larger than expected fall in profits, hurt by the costs of an acquisition and a weakened combined cocoa ratio
Societe Generale names cocoa and corn among worst short-term commodity bets, and soybeans among the best with live cattle – although some have doubts
Index funds will buy $1.5bn of soft commodities, and a stack of soymeal, in the annual portfoio rejig starting today. But will it affect prices?
The bank says cocoa’s fundamentals are “more constructive” than those for other soft commodities, and foresees cotton prices “turning a corner”
The chocolate giant says cocoa prices, whose volatiity dragged it quarterly sales below market forecasts, will remain depressed for now