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Market Impact: 0.28
Cocoa Prices Tumble as Supplies Increase
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & Prices
ICE cocoa futures fell sharply for the second straight session: December NY cocoa (CCZ26) closed down -298 (-4.54%) and December London cocoa (CAZ26) closed down -238 (-4.94%). The selloff was attributed to signs of ample global supplies, adding downside pressure to near-term pricing. Trading impact is likely concentrated in cocoa/soft-commodities rather than the broader market.
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