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Market Impact: 0.2

Cocoa Prices Pressured by Adequate Supplies and Tepid Demand

ICE
Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

May ICE NY cocoa (CCK26) closed down 34 ticks (-1.06%) and May ICE London cocoa #7 (CAK26) closed down 25 ticks (-1.05%), as prices consolidated this week’s losses. NY cocoa hit a one-month low earlier in the week, signaling modest bearish pressure on cocoa futures but limited broader market impact.

Analysis

May ICE NY cocoa (CCK26) closed down 34 ticks (-1.06%) and May ICE London cocoa #7 (CAK26) closed down 25 ticks (-1.05%), as prices consolidated this week’s losses. NY cocoa hit a one-month low earlier in the week, signaling modest bearish pressure on cocoa futures but limited broader market impact.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.18

Ticker Sentiment

ICE0.00