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Stock impact report

Cocoa Prices Rebound as Higher Shipping Costs May Curb Supplies [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
May ICE NY cocoa (CCK26) today is up +116 (+4.02%), and May ICE London cocoa #7 (CAK26) is up +60 (+2.92%). Cocoa prices recovered from early losses and are sharply higher today amid concerns that higher shipping costs will curb cocoa exports and limit supplies. The war in Iran has halted most shipping traffic through the Strait of Hormuz, boosting global shipping rates, insurance, and fuel costs, which will raise cocoa importers' costs. More News from Barchart The U.S.-Iran War Has Hit Cattle. How Much Lower Will Prices Go? Looking for the Next Silver Rally? Speculative Bulls Are Turning to Grain Futures. Supply Concerns Boost Coffee Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Slowing cocoa deliveries to ports in the Ivory Coast is also supportive of prices. Today's cumulative data from the Ivory Coast shows that Ivory Coast fa Show less Read more
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