May ICE NY cocoa is down 97 points (-3.00%) and May ICE London cocoa #7 is down 67 points (-2.79%), pushing prices to 2.5-week lows. Weakness is driven by a stronger U.S. dollar and outlook for a bumper West African cocoa crop, putting near-term downward pressure on cocoa futures.
May ICE NY cocoa is down 97 points (-3.00%) and May ICE London cocoa #7 is down 67 points (-2.79%), pushing prices to 2.5-week lows. Weakness is driven by a stronger U.S. dollar and outlook for a bumper West African cocoa crop, putting near-term downward pressure on cocoa futures.
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Request a DemoOverall Sentiment
mildly negative
Sentiment Score
-0.30
