Cocoa Jul '26 (CCN26)
Cocoa Futures Market News and Commentary
July ICE NY cocoa (CCN26) on Friday closed up +27 (+0.76%), and July ICE London cocoa #7 (CAN26) closed up +20 (+0.75%).
Cocoa prices settled higher on Friday, with London cocoa posting a 2.5-month high on carryover support from Thursday amid signs that consumer demand for chocolate is holding up. Â Better-than-earnings results this week from top chocolate makers Hershey and Mondelez International show consumer chocolate demand remains steady despite high prices. Â
The prospects of a smaller global surplus are also supportive for cocoa prices.  On Wednesday, StoneX cut its 2026/27 global cocoa surplus estimate to 149,000 MT from a January forecast of 267,000 MT, citing risks to the West African cocoa crop from an expected El Niño weather event.  StoneX also cut its 2025/26 global cocoa surplus forecast to 247,000 MT from a January estimate of 287,000 MT.
The prolonged closure of the Strait of Hormuz is disrupting global cocoa supplies and is also a supportive factor... Read more
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