Cocoa Jul '26 (CCN26)
Cocoa Futures Market News and Commentary
May ICE NY cocoa (CCK26) on Friday closed up +84 (+2.66%), and May ICE London cocoa #7 (CAK26) closed up +56 (+2.37%).
Cocoa prices settled higher on Friday as a weak dollar ($DXY) prompted short covering in cocoa futures. Â
An excessively short position by funds in London cocoa could add fuel to any short-covering rally. Â Last Friday's weekly Commitment of Traders (COT) report showed funds boosted their short position in London cocoa by 3,481 net short positions in the week ended March 31 to 33,827, the most in more than 8 years.
On Tuesday, NY cocoa fell to a 1-month low, and London cocoa dropped to a 2-week low as an increase in cocoa supplies from the Ivory Coast is weighing on prices. Â Tuesday's 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
Ample supplies are also bearish for cocoa... Read more
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