Cocoa Drops To New Contract Low, Coffee Pulls Back
Cocoa gapped down on the open and is trading at a new contract low this morning. Cocoa registered on the Implosion-5 List and now has a new contract of 840.
Coffee is pulling back from a 10-day high and is down 4.6%.
From the Momentum-5 List, stock indexes and T-bonds are rallying.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: +16/32 to 113 21/32
• December S&Ps [SPZ9>SPZ9]: +13.30 to 1375.80
• December Dow futures [DJZ9>DJZ9]: +88 to 10,781
• December NASDAQ 100 futures [NDZ9>NDZ9]: +36.50 to 2674.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: -.10 to 99.04
•December Japanese yen futures [JYZ9>JYZ9]: +.0012 to .9667
•December Swiss francs [SFZ9>SFZ9]: -.0010 to .6571
•December British pounds [BPZ9>BPZ9]: +.0034 to 1.6545
Energies•December crude [CLZ9>CLZ9]: -.11 to 22.40
•December unleaded gas [HUZ9>HUZ9]: -.0070 to .6300
•December natural gas [NGZ9>NGZ9]: -.064 to 2.850
Metals•December silver [SIZ9>SIZ9]: -2.5 to 519.5
Grains•January soybeans [SF0>SF0]: +4 to 481 1/2
•December soybean meal [SMZ9>SMZ9]: +2.0 to 149.4
Meats•February pork bellies [PBG0>PBG0]: +1.525 to 61.950
•December live cattle [LCZ9>LCZ9]: +.825 to 68.850
Softs and Fibers•December cocoa [CCZ9>CCZ9]: -28 to 850
•December coffee [KCZ9>KCZ9]: -501. To 105.25
•March sugar [SBH0>SBH0]: -.17 to 6.92