Cocoa Prices Jump on Adverse Global Weather Events

Written on 05/26/2026
Rich Asplund

July ICE NY cocoa (CCN26 ) on Tuesday closed up +373 (+9.83%), and July ICE London cocoa #7 (CAN26 ) closed up +293 (+10.24%). Cocoa prices surged to 1.5-week highs on Tuesday amid fund short-covering, spurred by heavy rains in the Ivory Coast that have caused flooding and cut off...A lake in the shape of the world's continents in the middle of untouched nature by petrmalinak via Shutterstock