Cocoa Mar '26 (CCH26)
Cocoa Futures Market News and Commentary
July ICE NY cocoa (CCN26) on Wednesday closed down -18 (-0.46%), and July ICE London cocoa #7 (CAN26) closed down -34 (-1.15%).
Cocoa prices settled lower on Wednesday, consolidating above Monday's 2-week lows.
Since posting 3.75-month highs last Monday, cocoa prices retreated to 2-week lows on Monday amid an outlook for abundant supplies. Last Thursday, 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.
Increased cocoa supplies from the Ivory Coast are bearish for prices. Monday's cumulative data from the Ivory Coast showed that farmers shipped 1.61 MMT of cocoa to ports in the current marketing year (October 1, 2025, through May 17, 2026), up +1.9% from the same period a year ago.
Signs of abundant cocoa supplies are negative for prices, as ICE cocoa inventories rose to a 1.75-year high of 2,673,307 bags on Wednesday.
Last Monday, cocoa pr... Read more
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