Coffee:
- May arabica coffee futures eased 0.65 cent to settled at $2.6415 per lb.
- Market extends correction from recent rally to 32-year high.
- For the quarter, arabica coffee is up 9.83 percent.
- For Thursday's session, Cordier said activity in bean futures "looks pretty dismal."
- Market fundamentals still seen as bullish due to shortage of high quality washed arabica beans.
- Market extends correction from recent rally to 32-year high.
- For the quarter, arabica coffee is up 9.83 percent.
- For Thursday's session, Cordier said activity in bean futures "looks pretty dismal."
- Market fundamentals still seen as bullish due to shortage of high quality washed arabica beans.
Cocoa:
- May cocoa slid $35 to settle at $2,952 per tonne, the lowest settlement for the spot contract since Jan. 11.
- The contract has lots 9.11 percent in value in the lat three day trading.
- Ouattara's victory could free up cocoa exports bottled up by the fighting in the West African nation.
- Investors unwinding positions in the market the closer Ouattara is to victory. One of dealers said that volume traded in the last three days has reached almost 90,000 lots, an indication of investors unloading long positions in cocoa ****** 