May ICE New York cocoa (CCK26) closed down 102 ticks (-3.15%) and May ICE London cocoa #7 (CAK26) closed down 74 ticks (-3.08%), sliding to 2.5-week lows. The selloff was driven by a stronger U.S. dollar and expectations of a bumper West African crop, weighing on cocoa prices.
May ICE New York cocoa (CCK26) closed down 102 ticks (-3.15%) and May ICE London cocoa #7 (CAK26) closed down 74 ticks (-3.08%), sliding to 2.5-week lows. The selloff was driven by a stronger U.S. dollar and expectations of a bumper West African crop, weighing on cocoa prices.
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mildly negative
Sentiment Score
-0.25
