May ICE New York cocoa (CCK26) is unchanged while May ICE London cocoa (CAK26) is up +5 (+0.22%). New York cocoa is trading sideways after a sharp 5.73% rally last Friday to a two-week high. The recent move was driven by short covering linked to the ongoing war in Iran, producing elevated volatility in cocoa futures.
May ICE New York cocoa (CCK26) is unchanged while May ICE London cocoa (CAK26) is up +5 (+0.22%). New York cocoa is trading sideways after a sharp 5.73% rally last Friday to a two-week high. The recent move was driven by short covering linked to the ongoing war in Iran, producing elevated volatility in cocoa futures.
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mildly positive
Sentiment Score
0.12
Ticker Sentiment
