Cocoa & StoneX Group Inc.

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.

StoneX Group Inc.: Cut global cocoa surplus estimates for 2025/26 and 2026/27, citing El Niño–Southern Oscillation risks, which supports prices.

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.

StoneX Group Inc.: Cut its 2026/27 global cocoa surplus estimate to 25,000 MT, citing El Niño risks, providing price support.

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.

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.