CME Cocoa Mar '19 (CJH19)
CME Cocoa Futures Market News and Commentary
July ICE NY cocoa (CCN26) on Monday closed down -211 (-5.27%), and July ICE London cocoa #7 (CAN26) closed down -159 (-5.24%).
Cocoa prices on Monday extended their week-long plunge, posting 2-week lows. Â Since posting 3.75-month highs last Monday, cocoa prices have retreated amid an outlook for abundant supplies. Â 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. Â
Increased cocoa supplies from the Ivory Coast are bearish for prices. Â 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 2,668,548 bags on May 7.
Last Monday, cocoa prices soared to 3.75-month highs amid c... Read more
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