Cocoa Market Started Collapsing // Soybean Spreads crash down
Cocoa Market Started Collapsing Run-ups in commodity markets tend to be slow but steady but meltdowns on the other hand fast and sharp
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Cocoa Futures (CCA COMDTY)
Cocoa Futures (CCA COMDTY)
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Analysis
Consumer Staples • United States
ICE US - Cocoa Futures
The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports (Port of New York District, Delaware River Port District, Port of Hampton Roads, Port of Albany, or Port of Baltimore). Calls for delivery of any kind of cocoa bean as long as it meets FDA standards for importation.
Standards: Established by Exch. licensed graders in accordance with specified tolerances for defects, bean count, bean size and other standards.
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