Cocoa & National Corn Growers Association

Cocoa: Cocoa prices have fallen to 3-week lows due to abundant supplies and rising inventories, but supported by forecasts of a smaller surplus and El Niño risks.

National Corn Growers Association: Reported a 7.7% rise in Q2 North American cocoa grindings, better than expected and easing demand fears.

Cocoa: Cocoa prices are falling due to selling pressure from producers, abundant inventories, and weak global demand, despite some supportive factors like El Niño–Southern Oscillation concerns and reduced surplus estimates.

National Corn Growers Association: The National Corn Growers Association reported a decline in North American Q1 Cocoa grindings, indicating weak global demand which is bearish for Cocoa prices.

Cocoa: Cocoa prices are sharply higher due to prospects of a smaller global surplus, resilient consumer demand for chocolate, and disruptions in global supplies caused by the closure of the Strait of Hormuz.

National Corn Growers Association: The National Corn Growers Association reported a decline in North American Q1 Cocoa grindings, indicating weak demand which is bearish for Cocoa prices.

Cocoa: Cocoa prices have surged to 6-month highs due to supply threats from West African floods and El Niño–Southern Oscillation, though rising inventories and weak demand provide some bearish pressure.

National Corn Growers Association: Reported a 3.8% decline in North American Q1 cocoa grindings, indicating weak demand.