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Market Impact: 0.2

Cocoa Markets Price in Global Weather Risks

Commodities & Raw MaterialsCommodity FuturesNatural Disasters & WeatherMarket Technicals & Flows

ICE cocoa futures edged higher, with July NY cocoa up 0.05% and July London cocoa up 0.16%, after both contracts hit 3-week highs. Prices were supported by weather-risk concerns tied to an El Niño pattern, but the move was modest and largely technical.

Analysis

ICE cocoa futures edged higher, with July NY cocoa up 0.05% and July London cocoa up 0.16%, after both contracts hit 3-week highs. Prices were supported by weather-risk concerns tied to an El Niño pattern, but the move was modest and largely technical.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

0.12