Cocoa #7 Dec '26 (CAZ26)
Cocoa #7 Futures Market News and Commentary
July ICE NY cocoa (CCN26) on Friday closed down -176 (-4.29%), and July ICE London cocoa #7 (CAN26) closed down -112 (-3.63%).
Cocoa prices settled sharply lower on Friday, pressured by rising supplies. Â ICE cocoa inventories rose to a 1.75-year high of 2,846,957 bags on Friday.
Last Friday, cocoa prices fell to 3.5-week lows amid an outlook for abundant supplies. Â On May 14, the Ivory Coast boosted its cocoa delivery estimate to 2.2 MMT for the 2025/26 season, up from a previous projection of 1.8-1.9 MMT, citing favorable weather. Â
Increased cocoa supplies from the Ivory Coast are bearish for prices. Â Monday's cumulative data from the Ivory Coast showed that farmers shipped 1.64 MMT of cocoa to ports in the current marketing year (October 1, 2025, through May 24, 2026), up +2.5% from the same period a year ago.
On May 11, cocoa prices soared to 4-month highs amid concerns that the formation of an El Niño weather pattern could lead to warmer, drier condition... Read more
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