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West African Cocoa Crop Concerns Underpin Prices

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

July ICE NY cocoa rose 70 points (+1.72%) to a 2.75-month high, while July ICE London cocoa gained 46 points (+1.50%) to a 3-month high. The article says prices extended this week's sharp rally and are finding support, signaling firm near-term momentum in cocoa futures.

Analysis

July ICE NY cocoa rose 70 points (+1.72%) to a 2.75-month high, while July ICE London cocoa gained 46 points (+1.50%) to a 3-month high. The article says prices extended this week's sharp rally and are finding support, signaling firm near-term momentum in cocoa futures.

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