Cocoa Sep '23 (CCU23)
Cocoa Futures Market News and Commentary
July ICE NY cocoa (CCN26) on Monday fell by -28 (-0.71%), and July ICE London cocoa #7 (CAN26) fell by -11 (-0.37%). Â Monday's sell-off added to last Friday's -4.29% sell-off in NY cocoa and -3.63% sell-off in London cocoa.
Cocoa prices have fallen sharply due to rising inventories. ICE cocoa inventories rose to a 1.75-year high of 2,871,962 bags on Monday.
Increased cocoa shipments from the Ivory Coast are also bearish for prices. Monday's cumulative data from the Ivory Coast showed that farmers shipped 1.66 MMT of cocoa to ports in the current marketing year (October 1, 2025, through May 31, 2026), up +1.8% from the same period a year ago.  Also, on May 14, 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.Â
Cocoa prices have support from concerns that the formation of an El Niño weather pattern could lead to warmer, drier conditions in West Africa, poten... Read more
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July ICE NY cocoa (CCN26 ) on Monday fell by -28 (-0.71%), and July ICE London cocoa #7 (CAN26 ) fell by -11 (-0.37%). Monday's sell-off added to last...
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