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The Outlook for Abundant Cocoa Supplies Pressures Prices

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

July ICE NY cocoa is down 35 points (-0.90%) and July ICE London cocoa is down 48 points (-1.62%) today, extending a pullback from last Monday's 3.75-month highs. Prices remain above Monday's 2-week lows, indicating a modest correction rather than a broader trend break.

Analysis

July ICE NY cocoa is down 35 points (-0.90%) and July ICE London cocoa is down 48 points (-1.62%) today, extending a pullback from last Monday's 3.75-month highs. Prices remain above Monday's 2-week lows, indicating a modest correction rather than a broader trend break.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15