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Market Impact: 0.32

Heavy West African Rains Push Cocoa Prices Sharply Higher

Commodities & Raw MaterialsMarket Technicals & Flows

Cocoa futures surged today: September ICE NY cocoa (CCU26) is up +676 (+13.42%) and September ICE London cocoa #7 (CAU26) is up +460 (+12.23%). Prices hit a 5.75-month high in NY and a 6-month high in London as West African weather concerns tightened supply expectations.

Analysis

Cocoa futures surged today: September ICE NY cocoa (CCU26) is up +676 (+13.42%) and September ICE London cocoa #7 (CAU26) is up +460 (+12.23%). Prices hit a 5.75-month high in NY and a 6-month high in London as West African weather concerns tightened supply expectations.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.28

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