Cocoa Daily Report
New York cocoa recovered from intraday lows as Transgraph forecast a smaller 2026/27 surplus and Indonesia reported 30% higher Q2 grindings (23 July 2026)
New York cocoa traded through a volatile session on 23 July. The September 2026 contract opened at 5,273 and initially advanced to an intraday high of 5,411 before renewed selling pressure pushed prices sharply lower to 5,165. Buying interest returned later in the session, allowing the contract