Cocoa Stages a Technical Rebound as Recent Lows Hold (27 October 2026)
Cocoa rebounded on Tuesday, 27 October, with London leading the percentage gains. New York December initially advanced to $5,622/t before reversing to $5,444, effectively retesting Monday’s low. Prices then recovered towards $5,600 before a late pullback left the last-traded close at $5,563, up $60 (+1.09%). London December traded between £4,160 and £4,265/t and last changed hands at £4,244, up £85 (+2.04%). Official settlements were $5,577 in New York (+1.58%) and £4,250 in London (+2.16%).
Our assessment is that Tuesday’s advance was consistent with a technical rebound after New York again defended the $5,440 area. London’s stronger gains and narrowing December discounts gave the recovery firmer support from relative pricing, while New York’s mixed calendar spreads left confirmation incomplete. Earlier grinding releases and weak Ivorian port receipts remained relevant background factors, but the available reporting does not identify a fresh fundamental catalyst for Tuesday’s move.
