The Dow Jones index rallied strongly after taking a dive on 24 December. But concerns over global growth, a deadlock in Washington and US-China trade relations have sent shares lower.
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- Spread Type Floating
- Long position overnight fee -0.0220%
- Short position overnight fee -0.0152%
- Overnight fee time 22:00 (UTC)
- Min traded quantity 0.01
The N.Y. Cocoa contract serves as a price benchmark for the world’s cocoa prices. 16 out of 20 top chocolate consuming countries are from Europe, with Americans enjoying 3 billion pounds of chocolate every year. The top 5 chocolate manufacturers include the Ivory Coast, Indonesia, Cameroon, Nigeria and Ghana. Together they account for 70% of the world’s cocoa production. Chocolate consumption is seasonal and the demand for chocolate creates a direct demand for cocoa. Cocoa futures are traded New York Board of Trade (NYBOT), a subsidiary of the Intercontinental Exchange (ICE).
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Commodities are available to trade with up to 10:1 leverage. Start trading with as little as $100 to control a position of $1000
Commoditites CFD’s
Trade 24/5 on a wide range of commodities
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