ICE Futures U.S., a leading regulated U.S. futures exchange for global agricultural, equity index and currency markets, reported record daily volume in its Cocoa futures contract of 45,618 lots on Tuesday, November 9. The previous daily volume record of 43,819 contracts was established on August 6, 2007.
Year-to-date, average daily volume in Cocoa futures is 15,448 contracts, up more than 20% from a year ago. Volume in the ICE soft commodities complex, which includes world benchmark contracts like sugar, coffee, cocoa, and cotton, is up more than 15% through the end of October compared to last year, reflecting increasing global demands for commodities.
The ICE Futures U.S. Cocoa futures contract is the world benchmark for the global cocoa market, pricing physical delivery of exchange-grade cocoa from African, Asian and Central and South American origins to any of five U.S. delivery ports.
