After closing the previous trading day at $2,861, Cocoa is up to $2,893 per metric tonne, which makes for a move of 1.12%/$32 today.
United States Core Consumer Prices is next today at 12:30 UTC.
Meanwhile, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 377,000, while the previous figure was -4.35 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
Rallies can also be seen in other Softs, Sugar gained 0.59% and is now trading at $23.82.
While Cocoa is appreciating, other Softs are comparatively not doing so well — Cotton closed at $82.51 (down 0.48%).
Moreover, macro data could boost sentiment further as United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -583,000. It previously stood at -3.74 million; data will be released today at 14:30 UTC.
Elsewhere, United States Consumer Price Index is expected today at 12:30 UTC.
The commodity has been trending positively for about 29 days. 12 days ago CME Cocoa reached a significant high of $2,931 but has consequently lost 2.39% since then.