What Are Cocoa Futures?
Investors seeking exposure to cocoa have the option of investing in futures, standardized contracts to buy or sell a specific asset as a specified price and date in the future.
Cocoa futures are traded on the New York Mercantile Exchange (NYMEX), with prices quoted in U.S. Dollars and Cents per pound. A single contract represents 10 metric tons of cocoa with a minimum fluctuation of $1.00 per ton. Trading is conducted in the March, May, July, September, and December cycle for the next 23 months. All contracts are subject to the rules and regulations of NYMEX.
Cocoa futures are also traded on the ICE under the symbol CC. ICE Cocoa contracts are also for 10 metric tons, with contract listing in March, May, July, September, and December. Settlement for ICE cocoa contracts is physical delivery.
Other Ways To Invest In Cocoa
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