Cocoa Jul '26 (CCN26)
Cocoa Futures Market News and Commentary
September ICE NY cocoa (CCU26) on Friday closed down -152 (-2.90%), and July ICE London cocoa #7 (CAN26) closed down -100 (-2.56%).
Cocoa prices settled sharply lower on Friday as signs of larger global supplies sparked long liquidation in cocoa futures. Bloomberg reported Friday that Nigerian cocoa exports in May rose +28% y/y to 18,034 MT.Â
Cocoa prices have rallied sharply this week, rising by more than 20% and hitting 5.5-month highs on Thursday.  Concerns about the upcoming West African cocoa crop pushed prices sharply higher. Heavy rains in the Ivory Coast and Ghana have flooded roads and cut off farmers’ access to farms and ports, threatening global supplies. Accumulated June rainfall through Monday has already reached levels near the typical average for the entire month in both countries. Excessive moisture also increases the risk of brown rot disease on cocoa trees, reducing yields and jeopardizing the harvest.Â
Cocoa prices also have underlying medium... Read more
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