Cocoa futures continued their parabolic rally, with September ICE NY cocoa (CCU26) up +335 (+5.54%) and September ICE London cocoa #7 (CAU26) up +239 (+5.33%). NY cocoa rose to a 6-month high and London cocoa to a 9.25-month high, extending strong momentum likely to move relevant commodity-linked equities and risk positioning in the near term.
Cocoa futures continued their parabolic rally, with September ICE NY cocoa (CCU26) up +335 (+5.54%) and September ICE London cocoa #7 (CAU26) up +239 (+5.33%). NY cocoa rose to a 6-month high and London cocoa to a 9.25-month high, extending strong momentum likely to move relevant commodity-linked equities and risk positioning in the near term.
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neutral
Sentiment Score
0.10
