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Cocoa #7 Jul '24 (CAN24)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [ICE/EU]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Cocoa #7 Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Cocoa #7 prices and Cocoa #7 futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Mon, Apr 29th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Cocoa #7 Historical Prices page.

Cocoa #7 Futures Market News and Commentary

Cocoa Prices Settle Sharply Lower on Long Liquidation Pressures

July ICE NY cocoa (CCN24) on Monday closed down -1,663 (-15.70%), and May ICE London cocoa #7 (CAK24) closed down -1,249 (-13.23%).

Cocoa prices Monday plummeted, with NY cocoa posting a 3-week low and London cocoa falling to a 2-1/2 week low.  Cocoa prices fell sharply lower Monday as higher margin calls fueled long liquidation in cocoa futures.  Also, cocoa has a negative carryover from last Thursday when Nigeria, the world's fifth largest cocoa producer, reported that its March cocoa exports rose +19% y/y to 22,199 MT.

Cocoa prices have underlying support from the outlook for tight global cocoa supplies.  Recent volatility in cocoa prices has made it more expensive to maintain positions in cocoa futures as margins have sharply increased, prompting traders to close out trades, which drains liquidity and makes the market more vulnerable to large price swings.  

Cocoa prices have seen an extraordinary rally this year to all-time highs on April 19 on supply concerns... Read more

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