Cocoa Prices Hold Near $5,400
Bullish strength: 40/100
- StoneX projects global cocoa production to decline 9.6% in 2026/27.
- Projected market conditions could shift from a 494,000-tonne surplus to a 64,000-tonne deficit.
- Weather disruptions associated with El Niño could reduce output across major producing countries.
Bearish strength: 60/100
- Cocoa futures remain near their lowest levels since early October.
- ICE-monitored inventories reached a 2.5-year high of 3,688,949 bags.
- Ivory Coast farmers report adequate conditions for the current main crop despite below-average rainfall.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.