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Market Impact: 0.35

Cocoa Prices Sharply Higher on West African Crop Concerns

Commodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & Flows

September ICE NY cocoa (CCU26) rose +293 to settle +5.09%, while September ICE London cocoa #7 (CAU26) gained +228 to settle +5.35%. Prices jumped for a third straight session, with NY cocoa closing at a 6-month high and London cocoa at a 7-month high, indicating renewed upside momentum in the cocoa complex.

Analysis

September ICE NY cocoa (CCU26) rose +293 to settle +5.09%, while September ICE London cocoa #7 (CAU26) gained +228 to settle +5.35%. Prices jumped for a third straight session, with NY cocoa closing at a 6-month high and London cocoa at a 7-month high, indicating renewed upside momentum in the cocoa complex.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.45

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