Cocoa #7 Jul '25 (CAN25)
Cocoa #7 Futures Market News and Commentary
September ICE NY cocoa (CCU26) on Tuesday closed down -15 (-0.25%), and September ICE London cocoa #7 (CAU26) closed down -41 (-0.93%).
Cocoa prices fell from 2.5-week highs on Tuesday and settled lower on technical selling. Cocoa prices have surged more than 15% over the past three trading sessions, lifting prices into heavily overbought territory and sparking long liquidation from funds.
Cocoa prices initially rallied to 2.5-week highs on Tuesday on positive carryover from last Friday, amid concerns over cocoa production in Ghana, the world's second-largest cocoa producer. Last Friday, Ghana's cocoa regulator, COCOBOD, projected Ghana's 2026/27 cocoa production could fall to 450,000 MT to 550,000 MT from 750,000 MT projected for 2025/26 due to the combined effects of swollen shoot disease, aging cocoa farms, and the likelihood of adverse weather from the El Niño weather pattern.
Cocoa prices dropped to 1-month lows last Tuesday on signs of larger global cocoa... Read more
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