ICE US Review: bullish deficit report sees cocoa rise againThis article was originally published in The Public Ledger
COCOA contracts traded on the ICE Futures US platform finished
higher Monday with some contracts establishing new 12-week highs
during the session. Fresh speculative fund demand drove values
upwards. Much of the fund buying was chart driven.
Some of the upward price momentum in cocoa was also linked to the bullish supply-and-demand information released during the past couple of weeks.