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Cocoa Prices Supported by Dry Conditions in West Africa

Commodity FuturesCommodities & Raw MaterialsFutures & OptionsNatural Disasters & WeatherMarket Technicals & Flows

May ICE NY cocoa gained +60 ticks (+1.82%), hitting a two-week high, while May ICE London cocoa #7 fell -12 ticks (-0.48%). Dry conditions in West Africa are cited as supportive for cocoa prices, helping NY strength despite a mixed session between the NY and London contracts.

Analysis

May ICE NY cocoa gained +60 ticks (+1.82%), hitting a two-week high, while May ICE London cocoa #7 fell -12 ticks (-0.48%). Dry conditions in West Africa are cited as supportive for cocoa prices, helping NY strength despite a mixed session between the NY and London contracts.

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Market Sentiment

Overall Sentiment

mixed

Sentiment Score

0.05