Cocoa futures extended a sharp three-week rally to 6-month highs, with September ICE New York cocoa (CCU26) up 39 points (+0.68%) and September ICE London cocoa #7 (CAU26) up 27 points (+0.64%). The move follows heavy rains in the Ivory Coast, tightening perceived supply as prices continue to grind higher.
Cocoa futures extended a sharp three-week rally to 6-month highs, with September ICE New York cocoa (CCU26) up 39 points (+0.68%) and September ICE London cocoa #7 (CAU26) up 27 points (+0.64%). The move follows heavy rains in the Ivory Coast, tightening perceived supply as prices continue to grind higher.
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mildly positive
Sentiment Score
0.28
Ticker Sentiment
