Cocoa Jul '22 (CCN22)
Cocoa Futures Market News and Commentary
September ICE NY cocoa (CCU26) on Wednesday closed down -16 (-0.31%), and September ICE London cocoa #7 (CAU26) closed up +1 (+0.03%).
Cocoa prices settled mixed on Wednesday as they consolidated above Tuesday’s 3.5-week lows. Losses in cocoa were limited after StoneX on Wednesday cut its 2026/27 global cocoa surplus estimate to 25,000 MT from a forecast of 149,000 MT in April, citing risks to the West African cocoa crop from an expected El Niño.Â
Cocoa prices have been under pressure over the past two weeks and posted 3.5-week lows on Tuesday on signs of larger global cocoa supplies amid suspect demand. Monday’s cumulative data from the Ivory Coast showed that farmers shipped 2.11 MMT of cocoa to ports in the current marketing year (October 1, 2025, through July 26, 2026), up +21% from the same period a year ago. Also, Bloomberg reported on July 16 that Nigerian cocoa exports in June rose 30% y/y to 18,922 MT.Â
Rising cocoa inventories are bearish for prices aft... Read more
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