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Market Impact: 0.2
Cocoa Prices Pressured by Signs of Abundant Supplies
Source: Nasdaq
Commodities & Raw MaterialsMarket Technicals & Flows
ICE NY December cocoa (CCZ26) closed down 116 points (-1.95%) and ICE London September cocoa #7 (CAU26) fell 100 points (-2.35%). Prices dropped to a 1-week low as signs of abundant global cocoa supplies weighed on sentiment.
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Overall Sentiment
mildly negative
Sentiment Score
-0.25
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