May ICE New York cocoa (CCK26) closed down 75 ticks (-2.30%), and May ICE London cocoa #7 (CAK26) closed down 46 ticks (-1.91%). Cocoa prices settled lower but remained above last Friday's two-week low. The decline is attributed to expectations of a bumper West African cocoa crop, which is weighing on near-term prices.
May ICE New York cocoa (CCK26) closed down 75 ticks (-2.30%), and May ICE London cocoa #7 (CAK26) closed down 46 ticks (-1.91%). Cocoa prices settled lower but remained above last Friday's two-week low. The decline is attributed to expectations of a bumper West African cocoa crop, which is weighing on near-term prices.
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mildly negative
Sentiment Score
-0.18
