After closing the previous trading day at $2,897, Cocoa is up to $2,917 per metric tonne, which makes for a move of 0.69%/$20 today.
United States Building Permits (Mar) is next today at 12:30 UTC.
At the same time, United States TIC Net Long-Term Transactions (Feb) came out at 71 billion, while a consensus of analysts was expecting 101.9 billion. United States NY Empire State Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of 10.8, while the previous figure was -24.6.
Rallies can also be seen in other Softs, Coffee surges 3.79% to trade around $198.75. Sugar is up 1.41%. Cotton gained 0.54% and is currently trading at $83.73.
Furthermore, the market is looking at United States Crude Oil Inventories projected to decline to -2.46 million while previous data was 597,000; data will be released tomorrow at 14:30 UTC.
Furthermore, the market is looking at United States Building Permits (Mar) is expected today at 12:30 UTC.
The commodity has been trending positively for about a month. CME Cocoa hit a significant low of $2,211.5 around 6 months ago, but has since recovered 31%.