December ICE NY cocoa (CCZ25 ) on Wednesday closed down -319 (-6. 06%), and December ICE London cocoa #7 (CAZ25 ) closed down -256 (-6. 32%). Cocoa prices plummeted to 1. 75-year lows on the nearest-futures chart on Wednesday as European Union nations are pushing for a one-year delay to the EU’s Deforestation.
The wheat complex is falling back at midday. CBT soft red wheat futures are down 7 to 8 cents so far. KC HRW futures are 9 to 10 cents in the red at midday. MPLS spring wheat futures are down 4 to 5 cents across most contracts on Thursday. There.
Lean hog futures are trading with mixed trade, up 30 cents to 20 cents lower in the nearbys. USDA’s national base hog price from Friday morning was not reported due to light volume. The CME Lean Hog Index was down another 55 cents on October 22 at $93. 63. USDA’s pork.