Cocoa is currently on bearish momentum. At 14:00 EST on Tuesday, 29 December, Cocoa is at $2,504.00 and 2.19% down since the last session’s close.
Cocoa is 1.804% down from its last session low of $2,550.00 and 3.84% down from its last session high of $2,604.00.
Cocoa is 3.84% down from its last three sessions higher value of $2,604.00 and is 0.79% down from its last three sessions lower value of $2,524.00.
Cocoa is 3.84% down from its last seven sessions higher value of $2,604.00 and is 2.67% up from its last seven sessions lower value of $2,439.00.
Cocoa is 16.76% down from its last month’s higher value of $3,008.00 and is 2.67% up from its last month’s lower value of $2,439.00.
Cocoa’s last day, last week, and last month’s average volatility was a positive 0.12%, a positive 0.71%, and a negative 1.96%, respectively.
Cocoa’s last day, last week, and last month’s high and low average amplitude percentage was 2.12%, 3.10%, and 1.50%, respectively.
Last news about Cocoa
Warren buffett swapped stock for cocoa in the 1950s. here's the story of the billionaire investor's chocolate arbitrage.. According to Business Insider on Sat Dec 26, "Following that rule, Rockwood stopped selling cocoa butter and assigned 13 million pounds of its cocoa-bean inventory to the discontinued business. ", "The repurchase program allowed it to leverage the elevated price of cocoa, avoid hefty taxes, and reduce its outstanding shares in the process."