Noticias cacao 30 junio

DJ ICE Cocoa Review: Lower As Speculators Take Profits
NEW YORK (Dow Jones)--Cocoa prices skidded lower Wednesday as traders sold to
book profits at the end of June and the second quarter of the year.

Nearby cocoa for July delivery settled $54, or 3%, lower at $2,894 a metric
ton on ICE Futures U.S. The most actively traded September contract settled
$35, or 1.2%, lower at $2,944.

The cocoa market is trading within a seasonal lull from roughly April through
September. Beans from West Africa come in at a slower pace, and chocolate
consumption tends to slow during the U.S. and European summer season.

Cocoa continued its drop after losing 5% in the previous session. Concerns
about world economic progress sent speculative traders out of commodities and
equities investments.

Speculative funds, like banks and hedge funds, sold cocoa positions Wednesday
to book profits at the end of the second quarter of the year. The end of the
month are traditional sessions for such sales as they coincide with money
managers' reports to their clients on the progress of investments.

September cocoa prices could pull back to the $2,800 level in continuation of
the recent move lower, cocoa broker and analyst said.

Arrivals of cocoa beans from farms in the top cocoa producer Ivory Coast to
ports in the first 39 weeks of the season through June 27, are seen down 0.7%
on the 1.06 million tons from last year, according to industry estimates
obtained Wednesday. Arrivals in week 39 were about 14,000 tons, up on the
11,756 tons calculated for the season-earlier period. Arrivals are tailing off
as the smaller midcrop declines.

ICE cocoa open interest -- the number of active positions left at the end of
the session -- increased by 767 positions Tuesday to total 118,192, the
exchange reported.

Volume was estimated 16,266 contracts, according to exchange data. In
options, approximately 10 calls and 1,301 puts traded.

Close Change Range (To the point of settlement)
Jly $2,894 -$54 $2,894-$2,911
Sep $2,944 -$35 $2,341-$3,010