May ICE NY cocoa (CCK26) plunged 214 ticks (-6.62%) and May ICE London #7 (CAK26) fell 127 ticks (-5.16%), with NY at a 1-month low and London at a 1.5-week low. The sharp drop was driven by reports of increased cocoa supplies, pressuring prices and likely weighing on producer margins and cocoa-related positions.
May ICE NY cocoa (CCK26) plunged 214 ticks (-6.62%) and May ICE London #7 (CAK26) fell 127 ticks (-5.16%), with NY at a 1-month low and London at a 1.5-week low. The sharp drop was driven by reports of increased cocoa supplies, pressuring prices and likely weighing on producer margins and cocoa-related positions.
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moderately negative
Sentiment Score
-0.60
Ticker Sentiment
