cocoa

Cocoa futures just crumbled to their lowest level since November, and while that may sting for West African farmers, it's great news for candy bar capitalists. Chief among the beneficiaries is The Hershey Company (NYSE:HSY). Cocoa Cracks—Sweet News For Chocolate Titans Hershey, which has seen its...

Chocolate lovers are in for a rude awakening this Easter, with their favorite bars, cherished brands, and even the iconic Cadbury Creme Egg are significantly dearer compared to prior years. The 370% rally in cocoa prices, from $2,600 a ton in 2023 to $12,200 in April 2024, is more than just a...

The Hershey Co (NYSE:HSY) will be reporting its first-quarter earnings on Friday. Wall Street expects $2.76 in EPS and $3.112 billion in revenues as the company reports before market hours. The stock is down about 30% over the past year, +4.44% YTD. Hershey’s scale and experience position it...

chocolate and snack foods company Hershey Co. (NYSE:HSY) is set to report first-quarter financial results on Friday, May 3, before the market opens. Here are the earnings estimates from analysts and key items to watch for investors. Earnings Estimates: Analysts expect Hershey to report first-...

Future prices for coffee and cocoa beans hit new highs Friday, as supply concerns continue to drive asking prices higher. New York cocoa futures have hit their highest levels since the 1960s.What's Going On? Supply concerns, including extreme weather conditions brought by the El Nino storm have...

Cocoa prices surged to a staggering $10,000 in the last week of March 2024, marking an unprecedented 240% increase from the previous year that’s bound to affect chocolate lovers this Easter. This surge has placed cocoa’s market performance on par with that of Nvidia Corp (NASDAQ:NVDA...

The chocolate industry looks a bit hairy in the run-up to Easter — a particularly choc-heavy holiday. What Happened: Cocoa broke through a milestone, pushing for the first time through the $10,000 per metric ton level. That means, in just 50 days, the price of cocoa has doubled. Candy producer...

The price of an agricultural raw material basket has reached its highest level in more than nine years, driven by the skyrocketing surge in cocoa costs, stirring concerns among chocolate lovers around the globe. The Invesco DB Agriculture Fund (NYSE:DBA) which tracks a broad group of agricultural...

The global chocolate industry is in turmoil as major cocoa plants in Africa, the world’s top producers, are running out of beans, leading to a potential price surge for chocolate consumers worldwide. What Happened: Major cocoa plants in Ivory Coast and Ghana have either halted or reduced...

The biggest squeeze in the cocoa market in more than a decade has pushed prices of the commodity to record highs in recent sessions as hedge funds have piled into cocoa futures since the start of the year. This has been great news for the speculative investors and funds at the heart of this trade,...

Bad news for those planning to gift their sweetheart a box of chocolate this Valentine’s Day. The price of cocoa, the crucial ingredient for chocolate, has surged over 100% since last year. Cocoa, a regulated commodity that trades on the Intercontinental Exchange (ICE) under the ticker CC,...

The price of cocoa has doubled in the past year, reaching an all-time high and potentially leading to a surge in chocolate prices. What Happened: The cost of cocoa has doubled over the past year, with the most active futures contract reaching $5,600 a metric ton on Thursday, according to Bloomberg...

Good news for your sweet tooth and your food portfolio: Cocoa’s getting cheaper. The price has fallen 37 percent since last summer and, based on Bernstein research, could continue to drop over the next few years. As cocoa comprises an estimated 10 to 15 percent of Hershey Co (NYSE: HSY)...

Senate Minority Leader Charles Schumer wants federal authorities to investigate a hot new trend in nose candy: “Snortable chocolate” powder laced with caffeine that reportedly gives the user a sweet buzz. The New York Democrat is targeting such products as “Coco Loko,” which...

Long/short is a popular strategy in the hedge fund community and one made accessible to investors of all stripes by the exchange-traded funds industry. Typically, long/short ETFs are equity-based, but investors can now take both sides of the commodities trade with the First Trust Alternative...