Cocoa #7 Dec '26 (CAZ26)
Cocoa #7 Futures Market News and Commentary
September ICE NY cocoa (CCU26) on Tuesday closed up +101 (+1.98%), and September ICE London cocoa #7 (CAU26) closed up +69 (+1.80%).
Cocoa prices recovered from 3.5-week lows on Tuesday and settled sharply higher as short-covering emerged after the dollar index ($DXY) fell from a 1-month high and moved lower.Â
Cocoa prices have been under pressure over the past two weeks and posted 3.5-week lows on Tuesday on signs of larger global cocoa supplies amid suspect demand. Monday’s cumulative data from the Ivory Coast showed that farmers shipped 2.11 MMT of cocoa to ports in the current marketing year (October 1, 2025, through July 26, 2026), up +21% from the same period a year ago. Also, Bloomberg reported on July 16 that Nigerian cocoa exports in June rose 30% y/y to 18,922 MT.Â
Rising cocoa inventories are bearish for prices after ICE cocoa inventories rose to a 2-year high of 3,375,119 bags on Tuesday.
Cocoa demand was mixed in Q2. On July 16, the European Co... Read more
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