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The Latest Breaking News from Ice

Cocoa Sharply Lower as a Lack of Liquidity Sparks Volatile Price Moves

July ICE NY cocoa (CCN24 ) this morning is down -467 (-5.95%), and July ICE London cocoa #7 (CAN24 ) is down -314 (-4.79%). Cocoa prices today are sharply lower as the market continues its volatile price swings. Price moves in cocoa have been amplified by a lack of liquidity,...

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Coffee Prices Mixed on Higher ICE Coffee Inventories and Brazilian Real Strength

July arabica coffee (KCN24 ) this morning is down -0.60 (-0.30%), and July ICE robusta coffee (RMN24 ) is up +2 (+0.06%). Coffee prices today are mixed. A rebound in ICE coffee inventories from historically low levels is undercutting prices. ICE-monitored robusta coffee inventories on February 21 fell to a...

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Cocoa Prices Close Sharply Higher on Recovery After Monday's Plunge

July ICE NY cocoa (CCN24 ) on Wednesday closed up +521 (+7.12%), and July ICE London cocoa #7 (CAN24 ) closed up +405 (+6.59%). Cocoa prices on Wednesday settled sharply higher on ideas that this week's price plunge was overdone. Price moves in cocoa have been amplified by a lack...

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Coffee Prices Post Moderate Losses as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) on Wednesday closed down -1.45 (-0.72%), and July ICE robusta coffee (RMN24 ) closed down -31 (-0.90%). Coffee prices today posted moderate losses on a rebound in ICE coffee inventories from historically low levels. ICE-monitored robusta coffee inventories on February 21 fell to a record...

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Cocoa Prices Recover More of This Week's Plunge

July ICE NY cocoa (CCN24 ) this morning is up +559 (+7.63%), and July ICE London cocoa #7 (CAN24 ) is up +401 (+6.52%). Cocoa prices this morning are sharply higher on speculation that this week's price plunge was overdone. Price moves in cocoa have been amplified by a lack...

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Coffee Prices Under Pressure as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) this morning is down -2.20 (-1.10%), and July ICE robusta coffee (RMN24 ) is down -53 (-1.54%). Coffee prices this morning are posting moderate losses on a rebound in ICE coffee inventories from historically low levels. ICE-monitored robusta coffee inventories on February 21 fell to...

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Cocoa Prices Finish Moderately Higher in Volatile Trade

July ICE NY cocoa (CCN24 ) on Tuesday closed up +156 (+2.18%), and July ICE London cocoa #7 (CAN24 ) closed up +149 (+2.48%). Cocoa prices posted moderate gains on Tuesday as they recovered some of Monday's plunge. Price moves in cocoa have been amplified by a lack of liquidity,...

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Coffee Prices Recover Early Losses and Settle Higher on Dollar Weakness

July arabica coffee (KCN24 ) on Tuesday closed up +4.80 (+2.45%), and July ICE robusta coffee (RMN24 ) closed up +34 (+1.00%). Coffee prices Tuesday recovered from early losses and finished moderately higher as a decline in the dollar index (DXY00 ) to a 1-week low sparked some short covering...

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Cocoa Prices Recover Some of Monday's Plunge

July ICE NY cocoa (CCN24 ) this morning is up +187 (+2.61%), and July ICE London cocoa #7 (CAN24 ) is up +224 (+3.73%). Cocoa prices this morning are moderately higher, recovering some of Monday's plunge. Price moves in cocoa have been amplified by a lack of liquidity, with open...

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Coffee Prices Firm on Dollar Weakness

July arabica coffee (KCN24 ) this morning is up +2.40 (+1.22%), and July ICE robusta coffee (RMN24 ) is up +15 (+0.44%). Coffee prices are moderately higher as today's fall in the dollar index (DXY00 ) to a 1-week low has sparked some short covering in coffee futures. Coffee prices...

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UK Plans To Ban Gas Motorcycles Aren't New, But There's More To It

The UK Department for Transport announced a broad decarbonization strategy in 2020, updated in 2021. Both plans specifically mention bikes. Here's an update.

RideApart

Cocoa Prices Finish Sharply Lower on Rain Forecasts for West Africa

July ICE NY cocoa (CCN24 ) on Monday closed down -1,725 (-19.40%), and July ICE London cocoa #7 (CAN24 ) closed down -1,565 (-20.69%). Cocoa prices on Monday plunged to 1-week lows and settled sharply lower. Forecasts for rain in West Africa are boosting the outlook for cocoa crops and...

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Coffee Prices Fall as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) on Monday closed down -5.10 (-2.54%), and July ICE robusta coffee (RMN24 ) closed down -41 (-1.19%). Coffee prices on Monday retreated due to a recovery in ICE coffee inventories. ICE-monitored arabica coffee inventories on Monday climbed to a 13-month high of 721,723 bags. Also,...

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Cocoa Prices Plummet on Rain Forecasts for West Africa

July ICE NY cocoa (CCN24 ) this morning is down -1,707 (-19.20%), and July ICE London cocoa #7 (CAN24 ) is down -1,550 (-20.49%). Cocoa prices this morning plunged to 1-week lows and are sharply lower. Forecasts for rain in West Africa are boosting the outlook for cocoa crops and...

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Coffee Prices Slide as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) this morning is down -4.80 (-2.39%), and July ICE robusta coffee (RMN24 ) is down -47 (-1.37%). Coffee prices today are sharply lower on a recovery in ICE coffee inventories. ICE-monitored arabica coffee inventories last Friday climbed to a 13-month high Tuesday of 711,871 bags....

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Cocoa Prices Higher on Global Cocoa Shortages

July ICE NY cocoa (CCN24 ) today is up +206 (+2.37%), and July ICE London cocoa #7 (CAN24 ) is up +54 (+0.72%). Cocoa prices are seeing underlying support today from global cocoa shortages. Cocoa prices plunged from the mid-April record high to a 2-month low in early-May, but have...

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Coffee Prices Ease on Stronger Dollar

July arabica coffee (KCN24 ) today is down -1.00 (-0.50%), and July ICE robusta coffee (RMN24 ) is up +4 (+0.12%). July arabica coffee today posted a 1-week high but then fell back on some pre-weekend technical selling and the stronger dollar. Coffee prices have underlying support from insufficient rainfall...

Latin Times

Costa Rica Announces Electricity Rationing Plan Amid Drought

Hydroelectric plants are responsible for supplying 70% of the Central American country's electricity, and the state-run electricity company, ICE, has partially blamed the drought problem on El Niño. The present situation has forced the Costa Rican government to announce the electricity rationing plan.

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New York City and Harris County, Texas, lead in number of migrant deportations this year

Over 600,000 people have been deported so far this fiscal year. Los Angeles County, Dallas County and Miami-Dade complete the top five

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Cocoa Prices Finish Higher on Global Cocoa Shortages

July ICE NY cocoa (CCN24 ) on Thursday closed up +61 (+0.71%), and July ICE London cocoa #7 (CAN24 ) closed up +39 (+0.52%). Cocoa prices recovered from early losses on Thursday and posted moderate gains. Extreme volatility in cocoa prices has gripped the market since prices soared to an...

Barchart

Coffee Prices Climb on Insufficient Rain in Vietnam and Brazil

July arabica coffee (KCN24 ) on Thursday closed up +3.90 (+1.97%), and July ICE robusta coffee (RMN24 ) closed up +25 (+0.73%). Coffee prices on Thursday settled moderately higher. Insufficient rainfall in Vietnam and Brazil may lead to lower coffee yields and is supportive for prices. The Buon Ma Thuot...

Barchart

Will World Sugar Futures Find a Bottom?

World sugar futures rose 2.69% in 2023 and were 9.43% higher in Q1 2024. In early Q2, the world sugar futures declined to below 20 cents per pound, the lowest price since early 2023. Given the price action in the other soft commodities, lower sugar prices could be a sweet…

Barchart

Cocoa Prices Supported by Limited Global Supplies

July ICE NY cocoa (CCN24 ) this morning is up +36 (+0.42%), and July ICE London cocoa #7 (CAN24 ) is up +21 (+0.28%). Cocoa prices this morning recovered from early losses and are moderately higher. Extreme volatility in cocoa prices has gripped the market since prices soared to an...

Barchart

Insufficient Rain in Vietnam and Brazil Pushes Coffee Prices Higher

July arabica coffee (KCN24 ) this morning is up +2.60 (+1.32%), and July ICE robusta coffee (RMN24 ) is up +50 (+1.46%). Coffee prices this morning are moderately higher. Insufficient rainfall in Vietnam and Brazil may lead to lower coffee yields and is bullish for prices. The Buon Ma Thuot...

Latin Times

Current pace of deportations from U.S. is 50% higher than Trump administration's peak

Over 600,000 people have been deported either by immigration judges, ICE or Border Patrol

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