After closing the previous trading day at $2,699, Cocoa is up to $2,723 per metric tonne, which makes for a move of 0.89%/$24 today.
United States's Initial Jobless Claims new data released of 211,000 below its previous figure.
Nevertheless, following a previous reading of 190,000, Initial Jobless Claims in United States released today at 13:30 UTC fell short of the 195,000 figure expected by analysts with an actual reading of 211,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of 395,000 with a reading of -1.69 million.
At the same time, United States JOLTs Job Openings (Jan) released yesterday at 15:00 UTC with a figure of 10.82 million, while the previous figure was 11.23 million.
This rally in the Cocoa future's price coincides with other Softs as Sugar ascends 1.15% to trade around $21.12.
While the Cocoa future is higher so far today, these Softs commodities are underperforming: Coffee is down to $175.5, losing $1.85, after closing at $177.35 in the preceding trading session. Cotton slips 0.5% to trade around $82.21.
Furthermore, the market is looking at tomorrow at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 205,000 from the preceding figure of 517,000.
The market is looking forward to the release of new data: United States Unemployment Rate is expected tomorrow at 13:30 UTC.
Having set a significant high of $2,853 8 days ago, Cocoa is trading 5.4% lower.