Back to News
Market Impact: 0.25

Cocoa Prices Supported by Forecasts for Dry Weather in the Ivory Coast

Source: Nasdaq

Commodities & Raw MaterialsCommodity FuturesNatural Disasters & Weather

December ICE New York cocoa futures rose 24 points, or 0.45%, while December London cocoa gained 27 points, or 0.69%, recovering from eight-week lows. Short-covering was driven by forecasts for dry weather in Ivory Coast, which could threaten cocoa supply, although the move remains modest and weather-dependent.

AllMind Terminal

AI-powered research, real-time alerts, and portfolio analytics for institutional investors.

Request Trial

Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.18

More News

From AllMind Research

Browse all research