ICE cocoa futures jumped on Monday, with May NY cocoa up 112 points (+3.52%) and May London cocoa up 80 points (+3.34%). Prices rose on concerns over global supply disruptions after Iran said the Strait of Hormuz was closed to shipping. The move highlights heightened risk premia in soft commodities amid geopolitical tensions and potential logistics disruption.
ICE cocoa futures jumped on Monday, with May NY cocoa up 112 points (+3.52%) and May London cocoa up 80 points (+3.34%). Prices rose on concerns over global supply disruptions after Iran said the Strait of Hormuz was closed to shipping. The move highlights heightened risk premia in soft commodities amid geopolitical tensions and potential logistics disruption.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
