Cocoa Prices Soar on Crop Fears

Written on 05/11/2026
Rich Asplund

July ICE NY cocoa (CCN26 ) on Monday closed up +527 (+12.60%), and July ICE London cocoa #7 (CAN26 ) closed up +370 (+11.88%). Cocoa prices soared to 3.5-month highs on Monday and settled sharply higher amid concerns that the formation of an El Niño weather pattern could lead to...Bar of chocolate by Karandaev via iStock