Cocoa Mar '27 (CCH27)
Cocoa Futures Market News and Commentary
September ICE NY cocoa (CCU26) today is up +313 (+5.43%), and September ICE London cocoa #7 (CAU26) is up +244 (+5.72%).
Cocoa prices are surging today amid weather risks in West Africa, with NY cocoa posting a 6-month high and London cocoa posting a 7-month high. Cocoa prices have rallied sharply over the past three weeks as heavy rains in the Ivory Coast and Ghana have flooded roads, cutting off farmers’ access to farms and ports and threatening global supplies. Excessive moisture also increases the risk of brown rot disease and black pod disease on cocoa trees, reducing yields and jeopardizing the harvest.Â
Cocoa prices also have underlying medium-term support from future weather concerns. On June 10, Japan’s Meteorological Agency confirmed an El Niño weather pattern had formed across the equatorial Pacific. An El Niño typically brings warmer, drier conditions to West Africa, reducing soil moisture, stressing cocoa trees, and lowering yields. The US National Ocea... Read more
Barchart · 7 minutes ago
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September ICE NY cocoa (CCU26 ) today is up +313 (+5.43%), and September ICE London cocoa #7 (CAU26 ) is up +244 (+5.72%). Cocoa prices are surging today...
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