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Market Impact: 0.2

Cocoa Prices Slump on Abundant Supplies

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Cocoa futures fell again on Monday, with July ICE NY cocoa down 28 points (-0.71%) and July ICE London cocoa down 11 points (-0.37%), extending Friday's sharp declines of -4.29% in New York and -3.63% in London. The move was driven by rising inventories, signaling softer fundamentals and continued pressure on cocoa prices.

Analysis

Cocoa futures fell again on Monday, with July ICE NY cocoa down 28 points (-0.71%) and July ICE London cocoa down 11 points (-0.37%), extending Friday's sharp declines of -4.29% in New York and -3.63% in London. The move was driven by rising inventories, signaling softer fundamentals and continued pressure on cocoa prices.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25