May ICE NY cocoa (CCK26) fell 62 ticks (-1.9%) and May ICE London cocoa #7 (CAK26) fell 40 ticks (-1.66%); prices are down intraday but remain above last Friday's two-week low. The decline is being driven by an outlook for a bumper West African cocoa crop, signaling increased supply pressure that could keep near-term cocoa prices soft.
May ICE NY cocoa (CCK26) fell 62 ticks (-1.9%) and May ICE London cocoa #7 (CAK26) fell 40 ticks (-1.66%); prices are down intraday but remain above last Friday's two-week low. The decline is being driven by an outlook for a bumper West African cocoa crop, signaling increased supply pressure that could keep near-term cocoa prices soft.
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mildly negative
Sentiment Score
-0.18
