Cocoa Prices Sharply Higher on Excessive Ivory Coast Rain

Written on 06/24/2026
Rich Asplund

September ICE NY cocoa (CCU26 ) on Wednesday closed up +328 (+7.06%), and July ICE London cocoa #7 (CAN26 ) closed up +246 (+7.05%). Cocoa prices extended their two-week rally on Wednesday, soaring to 5-month highs. Cocoa prices are supported by heavy rains in the Ivory Coast, which have flooded...Flooded county road by AwakenedEye via iStock