Adverse Weather Spurs Short Covering in Cocoa Futures

Written on 05/26/2026
Rich Asplund

July ICE NY cocoa (CCN26 ) today is up +392 (+10.33%), and July ICE London cocoa #7 (CAN26 ) is up +310 (+10.84%). Cocoa prices surged to 1.5-week highs today on fund short-covering, spurred by heavy rains in the Ivory Coast that have caused flooding and cut off farmers' access...Cocoa by Ha11ok via Pixabay