More than 3,000,000 metric tons of cocoa, which has a wide variety of uses, are grown each year across the world. Key cocoa products are cocoa liquor, cocoa butter, cocoa cake and cocoa powder. The chocolate market is the largest user of cocoa, but products like cocoa butter can be used in a variety of non-food products such as soap and cosmetics.
Global cocoa production can reach over 3.5 million tons annually, with the largest amounts grown in CÃ´te d’Ivoire, Ghana and Indonesia.
Cocoa (Financial) futures are an outright cocoa futures contract between a buyer and a seller that industry participants, such as cocoa producers, food processors and beauty product manufacturers, can use to manage price risk.
Product Symbol CJ
Venue CME ClearPort, CME Globex, Open Outcry (New York)
(All Times are New York Time/ET)
|CME Globex:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|CME ClearPort:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
Contract Size 10 metric tons
Price Quotation U.S. Dollars and Cents per ton
Minimum Fluctuation $1.00 per ton
Termination of Trading Trading terminates on the day immediately preceding the first notice day of the corresponding trading month of Cocoa futures at ICE Futures U.S.
Listed Contracts Trading is conducted in the March, May, July, September, and December cycle for the next 23 months.
Settlement Type Financial
Since ancient times gold has been coveted for its unique blend of rarity, beauty, and near indestructibility. Nations have embraced it as a store of...Read More from Gold
Crude oil is the world's most actively traded commodity. Light, sweet crudes are preferred by refiners because of their low sulfur content and relatively...Read More from Oil
We provides Access to the world's largest commodities markets and supports the execution of orders with timely research as well as reports.Read More from Commodities
The foreign exchange, or Currency, market is the largest financial market in the world. Nearly $3.2 trillion worth of currencies trade back and...Read More from Currencies
Rodman Barney enables clients to trade contracts covering all major energy markets – whether the markets goes up or down.Read More from Energy
A CFD, or contract for difference, is a contract that rises or declines in value as the stock on which it is based rises or declines in value.Read More