Cocoa Prices Bounce on Dollar Weakness

March ICE NY cocoa (CCH26 ) today is up +19 (+0.43%). March ICE London cocoa #7 (CAH26 ) is up +7 (+0.22%). Cocoa prices are slightly higher today as dollar weakness (DXY00 ) has sparked some light short covering in cocoa futures. On Wednesday, cocoa prices extended their two-week-long sell-off,…

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Coffee Prices Slip on Brazil Rains and a Recovery in ICE Inventories

March arabica coffee (KCH26 ) today is down -0.40 (-0.12%). March ICE robusta coffee (RMH26 ) is down -0.56 (-1.37%). Coffee prices are slightly lower today on rain forecasts for Brazil. The Weather Channel has forecast showers every day this week in Minas Gerais, Brazil’s largest arabica coffee-growing region. The…

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Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue

Elon Musk warned the biggest issue hampering AI advancement in the United States is a problem Chinese competitors don’t have. In a conversation in Davos, Switzerland, with BlackRock CEO and World Economic Forum interim chair Larry Fink, Musk said AI chip production is increasing exponentially, but electricity is slow to being made available, hampering the […]

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