Noticias cacao 12 julio

DJ ICE Cocoa Review: Falters As Commodities Lose, Dollar Gains
NEW YORK (Dow Jones)--Cocoa prices slipped Monday as on the back of
broad-based commodities losses attributed to the stronger dollar.

Nearby cocoa for July delivery cocoa settled $1, or 0.03%, lower at $2,962 a
metric ton on ICE Futures U.S. The most actively traded September contract
settled $7, or 0.2%, lower at $2,989 a ton.

The greenback firmed as investors sought safe bets in front of the upcoming
second-quarter earnings season. Commodities including metals and energies were
lower during the cocoa session as traders sold those riskier bets. At the same
time, a stronger dollar makes commodities in that currency more costly.

Cocoa is also looking for outside cues in a season of light trade. Cocoa bean
production slows between April and September. Chocolate consumption in the
Northern Hemisphere also eases at that time. Trading volume picks back up in
the fall. At that time, Ivory Coast, the leading exporter, begins its main crop
harvest. Meanwhile, confectioners buy beans ahead of the holiday season to meet
demand in the U.S. and Europe.

"The cocoa market continues its quiet summertime trade," said Sterling Smith,
market analyst at Country Hedging in St. Paul, Minn.

September cocoa prices are locked in a narrow range from $2,950 to $3,050 a
ton, he said.

Though the market lost ground Monday, cocoa prices are still 12% higher than
they were a year ago. The market has support on outlooks that the beans grown
this season, most of which have been harvested, will not meet demand from
manufacturers of chocolate, the leading use of cocoa.

The International Cocoa Organization estimates world production will fall
nearly 1% short of demand in the 2009-10 season, which ends Sep. 30. The amount
of beans ground by confectioners to make chocolate is anticipated 4% higher
than last year at 3.579 million tons, the organization said in late May.

ICE cocoa open interest--the number of active positions left at the end of
the session--decreased by 598 positions Friday to total 122,197, the exchange
reported.

Volume through the settlement was estimated 8,347 contracts, according to
exchange data. In options, approximately 12 calls and 17 puts traded in the
same timeframe.
Close Change Range (To the point of settlement) Liffe
Close Change
Jly $2,962 -$1 $2,962-$2,962 Jly
GBP2,621 +GBP8
Sep $2,989 -$7 $2,971-$3,013 Sep
GBP2,386 +GBP1