December ICE NY cocoa (CCZ25) today is up +77 (+1.27%), and December ICE London cocoa #7 (CAZ25) is up +137 (+3.16%).
Cocoa prices jumped today after the administrator of the Bloomberg Commodity Index (BCOM) said the commodity will be included in the index for the first time in 2 decades, beginning in January. Assets tracking the BCOM index totaled almost $109 billion at the end of 2024, suggesting cocoa's 1.7% weighting in the index could spur significant inflows into the market from passive funds that track it. According to Peak Trading Research LLC, "Funds will have to buy about $1.9 billion in cocoa futures over the next 80 days."
