Noticias cacao 06 julio

DJ ICE Cocoa Review: Ends Nearly Flat As Fresh Cues Are Scarce
By Holly Henschen
Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--Cocoa prices ended little-changed Tuesday as the market
was unable to grasp a foothold from outside influences during a seasonally
quiet period.

Nearby cocoa for July delivery cocoa ended $17, or 0.6%, higher at $2,938 a
metric ton on ICE Futures U.S. The most actively traded September cocoa
contract settled $4, or 0.1%, lower at $2,967 a metric ton.

Cocoa is consolidating sideways in seasonally light trade. During summer in
the U.S. and Europe, consumption of chocolate made from cocoa beans declines.
At the same time, incoming supplies are lighter during the weaker part of the
harvest. Both demand and supply pick up nearer to autumn, ahead of the holiday
season in the U.S. and Europe.

"The market is looking for direction anywhere it can find it as there is a
dearth of news," said Sterling Smith, market analyst at Country Hedging in St.
Paul, Minn.

Smith said September cocoa is locked in a range of $2,950 to $3,050 until a
gust of fresh news pushes it out.

The news could come either from the macroeconomic front, or the cocoa
market--which is unlikely until nearer to Oct. 1. That is the official date of
the main crop harvest in Ivory Coast, the world's top exporter of the cocoa
beans used primarily in chocolate manufacture.

ICE cocoa open interest--the number of active positions left at the end of
the session--increased by 1,010 positions Friday to total 120,248, the exchange
reported.

Volume was estimated at 6,906 contracts, according to exchange data. In
options, approximately 15 calls and 15 puts traded.

Cocoa traded on NYSE Euronext's Liffe for September delivery closed GBP6, or
0.3%, lower at GBP2,394 a ton.

Close Change Range (To the point of settlement)
Jly $2,938 +$17 $2,938-$2,939
Sep $2,967 -$ 4 $2,961-$3,010