Cocoa Sep '26 (CCU26)
Cocoa Futures Market News and Commentary
July ICE NY cocoa (CCN26) today is up +82 (+2.21%), and July ICE London cocoa #7 (CAN26) is up +7 (+0.24%).Â
Cocoa prices are seeing some pre-weekend short-covering after NY coffee fell to a 3-week low on Thursday and London coffee today edged to a 3-week low before rebounding higher.Â
Cocoa prices showed weakness earlier this week amid signs of abundant supply. The Ivory Coast on Thursday boosted its estimate of cocoa that has reached its ports by more than 260,000 MT so far this season. Cumulative data from the Ivory Coast now show that farmers shipped 1.95 MMT of cocoa to ports in the current marketing year (October 1, 2025, through June 7, 2026), up +18.9% from the same period a year ago.
Rising cocoa inventories are also bearish for prices. ICE cocoa inventories rose to a 1.75-year high of 2,929,074 bags last Friday.
Increased cocoa shipments from the Ivory Coast are bearish for prices. On May 14, the Ivory Coast boosted its cocoa delivery estimate to... Read more
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