COCOA Cocoa Futures Loading... : Bullish and Bearish Analyst Opinions
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08:28
Jul 07
Jul 07
El Niño weather threatens coffee and cocoa supply.
The declared El Niño is causing extreme weather, with heavy rainfall in West Africa (Ivory Coast, Ghana) threatening cocoa production and concerns in Brazil over Arabica coffee. Supply disruptions are driving price volatility and higher prices.
MED
11:51
Jan 14
Jan 14
1. THE FACT: @dampedspring "got roasted for saying the rebalance trade in commodities which ends today was not impactful." Others suggested "BUY cocoa as the flow was a massive 20% of OI buy. SELL silver and gold because the flow was a large sell."
2. THE BRIDGE: The speaker's stance is that the rebalance trade was "not impactful," directly contradicting the view that cocoa should be bought due to large buying flow. This implies that the expected price movement from the rebalance might not materialize as strongly as others predict.
3. THE VERDICT: Neutral on cocoa, despite others calling for a long based on rebalance flows, as the speaker believes the rebalance impact is overstated.
About COCOA Analyst Coverage
Buzzberg tracks COCOA (Cocoa Futures) across 2 sources. 1 bullish vs 0 bearish calls from 2 analysts. Sentiment: predominantly bullish (50%). 2 total trade ideas tracked. Past 7 days: 1 bullish. Latest voices: Jennifer, @dampedspring.