Research Disclosures & Methodology
Last updated: 30 September 2026
Conflicts of Interest, Independence and Author Positions
Each CocoaIntel publication contains a report-specific Interests and Conflicts disclosure reflecting the circumstances known at its stated analysis-completion and first-dissemination time.
The report-specific disclosure identifies any relevant position or direct or indirect financial or commercial exposure held by the identified producer or responsible analyst and author in relation to the commodities, futures contracts or other instruments discussed in that publication. It also identifies any material compensation, sponsorship, commission, commercial relationship or other conflict that could reasonably be perceived as affecting the objectivity of the research.
Where a publication states that no relevant position, exposure or material conflict was known, that declaration applies only to the particular publication and the date and time stated in it.
Circumstances may change between publications. Accordingly, no statement on this general methodology page should be treated as a point-in-time conflicts declaration for every past or future report.
The report-specific Interests and Conflicts disclosure takes precedence for the publication to which it relates.
CocoaIntel’s research conclusions and editorial decisions are made independently. Reports are not submitted to brokers, exchanges, traders, producers or other affected market participants for approval before publication, unless the relevant publication expressly states otherwise.
Employment and External Professional Activities
The author may have professional activities outside CocoaIntel.
Where an external employment, professional, consulting or commercial relationship is materially relevant to the subject matter of a particular CocoaIntel publication and could reasonably be perceived as affecting its objectivity, the relationship should be appropriately disclosed, subject to applicable confidentiality obligations.
CocoaIntel research does not disclose confidential or proprietary information belonging to an employer, client or other third party.
Trading and Unpublished Research
The author should not use knowledge of material unpublished CocoaIntel research for the purpose of obtaining an improper trading advantage.
Material unpublished research should not be selectively provided to another person for such a purpose.
Sponsored or Paid Research
CocoaIntel currently does not publish research in exchange for payment from an issuer, exchange, broker or market participant for the purpose of producing a predetermined market conclusion.
If CocoaIntel introduces sponsored, commissioned or paid research in the future, any material relationship capable of affecting the perceived objectivity of the research will be disclosed.
Futures and Derivatives Risk
Commodity futures, options and other derivatives involve substantial risk.
They may involve leverage, margin requirements and rapid price movements. Relatively small movements in the underlying market can therefore result in substantial gains or losses relative to the amount initially committed.
Depending on the instrument, account structure and market conditions, losses may exceed the amount initially committed.
Liquidity may deteriorate rapidly, prices may gap, margin requirements may change and an order may not be executed at the expected price.
Stop-loss and other conditional orders do not guarantee execution at the specified level.
Readers should independently determine whether involvement in futures or derivatives is appropriate for their circumstances.
No Guarantee of Forecasts
No scenario, probability, model output, target, forecast or analytical conclusion published by CocoaIntel is guaranteed.
Actual market developments may differ materially from expectations because of unexpected information, changes in market structure, political or regulatory events, weather, liquidity conditions or other factors.
Past Performance
Past market performance is not a reliable indicator of future performance.
The historical accuracy or inaccuracy of a CocoaIntel scenario does not guarantee the outcome of subsequent forecasts.
Backtests and Hypothetical Results
Where CocoaIntel publishes backtested, simulated, reconstructed or hypothetical results, they will be identified as such.
Such results do not represent actual trading unless expressly stated otherwise.
Backtests may be affected by hindsight, assumptions, model selection, data availability, transaction-cost assumptions, liquidity assumptions and other limitations.
Actual results may differ materially.
No Individual Tax, Legal or Accounting Advice
CocoaIntel does not provide individualized legal, tax or accounting advice.
Readers should obtain appropriate professional advice regarding their own circumstances where required.
Contact
Publisher and responsible legal entity:
“Глобал Комодити Интелиджънс” ЕООД
Registered foreign-language name: Global Commodity Intelligence
UIC/EIK: 208950526
Registered office: 30 Vasil Levski Blvd., Floor 5, Apartment 6, Sredets District, 1142 Sofia, Bulgaria
Manager and editor: Georgi Ognyanov Uzunov
Email: hello@cocoaintel.com
Telephone: +359 897 976 737
Questions concerning CocoaIntel’s research methodology, corrections, conflicts of interest or published content may be submitted using the contact details above.