May ICE New York cocoa closed up 59 ticks (+1.83%) and May ICE London cocoa #7 closed up 42 ticks (+1.81%), with NY cocoa extending a prior 5.73% rally to a new 2.5-week high. The move is driven by geopolitical risk from the war in Iran, supporting bullish positioning and increased volatility in cocoa futures.
May ICE New York cocoa closed up 59 ticks (+1.83%) and May ICE London cocoa #7 closed up 42 ticks (+1.81%), with NY cocoa extending a prior 5.73% rally to a new 2.5-week high. The move is driven by geopolitical risk from the war in Iran, supporting bullish positioning and increased volatility in cocoa futures.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
Ticker Sentiment
