
September ICE NY cocoa (CCU24) today is down -253 (-3.15%), and September ICE London cocoa #7 (CAU24) is down -187 (-2.87%).
Cocoa prices today are sharply lower, with NY cocoa falling to a 1-week low. An improving outlook for the next cocoa season in West Africa is weighing on cocoa prices as the end of the El Nino weather pattern and a potential shift to a La Nina pattern is set to boost precipitation that could increase cocoa yields.