May ICE NY cocoa (CCK26) closed down 69 ticks (-2.02%) and May ICE London cocoa #7 (CAK26) closed down 61 ticks (-2.44%) as an improved supply outlook—reports of consistent rains in West Africa boosting pod development—weighed on prices. The move signals near-term bearish pressure on cocoa futures; monitor West African weather and crop reports for further downside risk.
May ICE NY cocoa (CCK26) closed down 69 ticks (-2.02%) and May ICE London cocoa #7 (CAK26) closed down 61 ticks (-2.44%) as an improved supply outlook—reports of consistent rains in West Africa boosting pod development—weighed on prices. The move signals near-term bearish pressure on cocoa futures; monitor West African weather and crop reports for further downside risk.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
