CME Cocoa is down 0.56%, trading at $3,000 per metric tonne

Cocoa is down to $3,000 per metric tonne, after ending Friday at $3,017. Overall, a 0.56% loss or $17 today.

In the meantime, negative performances are also seen in other Softs as Coffee closed at $180.85 (down 1%).

Positive performances can be seen by looking at other Softs markets as having closed the previous session at $24.83, Sugar is up 2.34% today to currently trade at around $25.41. Having closed the previous session at $80.12, Cotton is up 4.39% today to currently trade at around $83.64.

Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Consumer Confidence data is projected to fall short of market expectations with newly published data of 99, following on from the preceding figure of 101.3. New data is set to be published tomorrow at 14:00 UTC.

Having soared to a high of $3,071 approximately 10 days ago, Cocoa is now trading 1.76% lower.