If you want to get exposure to cocoa, world markets, cocoa futures trading on the ICE Futures US-message from the ICE surface is one of the best options.
This contract is the world benchmark for this soft commodities, and it reflects the physical delivery of Exchange, the price of cocoa beans to keep the category, the quality of any of the five us delivery Point.
There is a lot of attention to the explosive growth of prices of raw materials, 2008 in General, interestingly, cocoa was one of the best performing trader s perspective. Get the free INO trading alerts when you subscribe to the free newsletter of the asset in this Universe. Fill out the simple form below. Is as easy as 1-2-3!
ICE cocoa futures volume has shown steady growth over the last few years, 2.58 million in 2005, lisääntyvänä 3.19 million in 2008, although this proportion was slightly decreased back to 3.33 million in 2007.
Over the past four years most of the month was in February 2008, which saw the ICE Futures us balance on the day of the 434,965 cocoa futures.
In the delivery of cocoa bean-refers to the affection of the quality and the payment of the premium reflects the varying Quantum or beans are simply the nominal value.
There are three groupings of cocoa bean: Group A-delivery of cocoa beans are $ 160/tonne premium, originating in West Africa, which covers the crops, Cote D Ivoire, Ghana, internetkahviloita, Nigeria and Sierra Leone.
Group B-deliverable asset will attract 80 cocoa EUR/tonne premium for Venezuela and other Latin American sources of the origin of the product.
Group (c) of the nominal value of the cocoa bean is brought to the attention of the cover crop, and Haiti, Malaysia, and others.
The size of the symbol: CCContract: tonnesPrice: 10 metric metric tonnes per u.s. dollar
ICE cocoa futures contract are listed in the March, may, July, September and December and the minimum price movement is $ 1.00 per metric tonnes (or $ 10 per contract).
The settlement is the physical delivery in Latin America, Asia, or any of the following delivery of the show in the United States of America, West Africa: the Port of New York, Delaware River port, Hampton Roads, Albany, or Baltimore.
Note the last date of entry into force of this agreement is governed by the laws of the ICE Futures messages for 10 working days before the delivery date of the last business day of the month. And the last is the first business day prior to the notification to the last.
Trading hours are: 0400, 1445, 1945 in New York and in London, 0900.
Search for a strong global demand in the near future, and reports of the difficulties in maintaining the level of production in the West African cocoa it looks as though ICE cocoa futures continue to move forward more and more attention.
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