May ICE NY cocoa fell 2 ticks (-0.06%) and May ICE London cocoa #7 dropped 7 ticks (-0.30%). The small price decline was driven by heavy weekend rains in West Africa that improved crop outlooks for Ivory Coast and Ghana, easing supply concerns. Impact is localized to cocoa futures and is unlikely to move broader markets.
May ICE NY cocoa fell 2 ticks (-0.06%) and May ICE London cocoa #7 dropped 7 ticks (-0.30%). The small price decline was driven by heavy weekend rains in West Africa that improved crop outlooks for Ivory Coast and Ghana, easing supply concerns. Impact is localized to cocoa futures and is unlikely to move broader markets.
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mildly negative
Sentiment Score
-0.12
