Back to News
Market Impact: 0.3
Ivory Coast Crop Concerns Spur Short Covering in Cocoa
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesNatural Disasters & WeatherMarket Technicals & Flows
December ICE New York cocoa futures rose 66 points, or 1.23%, while December London cocoa #7 gained 459 points, or 1.14%, rebounding from 1.75-month lows. Short-covering and forecasts for dry weather in Ivory Coast supported prices amid concerns that crop stress could constrain cocoa supply.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly positive
Sentiment Score
0.28
More News
- Further turmoil could be in store for tech stocks. What to watch in the week ahead
- How the US midterm elections reflected resistance to data centres
- AI Party isn't Ending Because Of The Blue Wave Says Ives
- US options markets hit record volume following Thursday’s market rout
- SoftBank, ABB consider China carve-out to rescue $5.4bn robotics deal
- A ‘geologic freak’ called the Smackover may end America’s lithium dependence on China, and Big Oil is already there