The Latest Breaking News from ICCO

Cocoa Rallies Sharply Due to Inadequate Rain in West Africa

July ICE NY cocoa (CCN24 ) on Wednesday closed up +529 (+6.03%), and July ICE London cocoa #7 (CAN24 ) closed up +464 (+6.55%). Cocoa prices Wednesday rallied sharply for a second day, with NY cocoa posting a 3-week high and London cocoa posting a 2-week high. Inadequate rain in...

Barchart · May 29, 2024

Cocoa Prices Surge with Inadequate Rain in West Africa

July ICE NY cocoa (CCN24 ) today is up +477 (+5.43%), and July ICE London cocoa #7 (CAN24 ) is up +462 (+6.53%). Cocoa prices today rallied sharply for a second day, with NY cocoa posting a 3-week high and London cocoa posting a 2-week high. Inadequate rain in West...

Barchart · May 29, 2024

Cocoa Prices Supported by West African Crop Concerns

July ICE NY cocoa (CCN24 ) on Friday closed up +185 (+2.28%), and July ICE London cocoa #7 (CAN24 ) closed up +167 (+2.51%). Cocoa prices Friday added to Thursday's sharp gains and posted 1-1/2 week highs. Since posting 2-1/2 month lows on Monday, cocoa prices have recovered after the...

Barchart · May 24, 2024

Cocoa Prices Correct Higher From Their Month-Long Decline

July ICE NY cocoa (CCN24 ) today is +126 (+1.70%), and July ICE London cocoa #7 (CAN24 ) is up +116 (+1.90%). Cocoa prices today are moving moderately higher for a second day. Prices are correcting upward from the month-long decline to Monday's 2-1/2 month lows. Short covering in cocoa...

Barchart · May 22, 2024

Easing Supply Concerns Pressures Cocoa Prices

July ICE NY cocoa (CCN24 ) on Monday closed down -132 (-1.80%), and July ICE London cocoa #7 (CAN24 ) closed down -133 (-2.17%). Cocoa prices on Monday extended their month-long slide to 2-1/2 month lows and fell by more than 44% from last month's record highs. Losses in cocoa...

Barchart · May 20, 2024

Cocoa Prices Fall as Supply Concerns Ease

July ICE NY cocoa (CCN24 ) today is down -68 (-0.93%), and July ICE London cocoa #7 (CAN24 ) is down -133 (-2.17%). Cocoa prices today extended their month-long slide to 2-1/2 month lows and have fallen by more than -44% from last month's record highs. Deliveries for the expired...

Barchart · May 20, 2024

Cocoa Prices End Lower on the Outlook for Beneficial Rain in West Africa

July ICE NY cocoa (CCN24 ) on Friday closed down -45 (-0.61%), and July ICE London cocoa #7 (CAN24 ) closed down -108 (-1.73%). Cocoa prices settled moderately lower on Friday due to the outlook for much-needed rain in West Africa. Cocoa recovered from its worst levels Friday as short...

Barchart · May 17, 2024

Cocoa Prices Slip on Expectations for Needed Rain in West Africa

July ICE NY cocoa (CCN24 ) today is down -39 (-0.53%), and July ICE London cocoa #7 (CAN24 ) is down -109 (-1.75%). Cocoa prices today are moderately lower. Cocoa recovered from its worst levels today as short covering emerged after updated weather forecasts lowered the rainfall amounts expected next...

Barchart · May 17, 2024

Cocoa Settles Sharply Lower as Volatile Price Moves Continue

July ICE NY cocoa (CCN24 ) on Thursday closed down -450 (-5.74%), and July ICE London cocoa #7 (CAN24 ) closed down -325 (-4.96%). Cocoa prices posted sharp losses on Thursday as the market continued its volatile price swings. Price moves in cocoa have been amplified by a lack of...

Barchart · May 16, 2024

Cocoa Sharply Lower as a Lack of Liquidity Sparks Volatile Price Moves

July ICE NY cocoa (CCN24 ) this morning is down -467 (-5.95%), and July ICE London cocoa #7 (CAN24 ) is down -314 (-4.79%). Cocoa prices today are sharply lower as the market continues its volatile price swings. Price moves in cocoa have been amplified by a lack of liquidity,...

Barchart · May 16, 2024