Cocoa #7 Jul '26 (CAN26)
Cocoa #7 Futures Market News and Commentary
May ICE NY cocoa (CCK26) today is up +166 (+5.48%), and May ICE London cocoa #7 (CAK26) is up +68 (+2.92%).
Cocoa prices are sharply higher today as a plunge in the dollar index ($DXY) to a 4-week low has sparked short covering in cocoa futures. Â However, gains in London cocoa are muted after the British pound (^GBPUSD) rallied to a 5-week high today, undercutting cocoa priced in sterling.
On Tuesday, NY cocoa fell to a 1-month low, and London cocoa dropped to a 1.5-week low. Â An increase in cocoa supplies from the Ivory Coast is bearish for cocoa prices after cumulative data from the Ivory Coast showed that farmers shipped 1.45 MMT of cocoa to ports in the current marketing year (October 1, 2025, through April 4, 2026), up +0.7% from 1.44 MMT in the same period a year ago. Â
Signs of weak chocolate demand are also undercutting cocoa prices. Â According to Bloomberg Intelligence, early estimates for chocolate candy sales this Easter holiday, a prime seasonal time fo... Read more
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