The Cocoa future down $24, closing at $2,953, for its 11th straight negative day

Cocoa is down to $2,953 per metric tonne, after ending yesterday at $2,977. Overall, a 0.81% loss or $24 today.

Cocoa is currently trading at $2,953 following the release of Existing Home Sales (Mar) data from the United States.

Initial Jobless Claims in United States fell short of market expectations (240,000) with a reading of 245,000, continuing the decline from the previous figure of 240,000.

Amid the market gloom, United States Existing Home Sales (Mar) released today at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.

In the meantime, negative performances are also seen in other Softs as Coffee is down $5.45 from the beginning of the session and now trades around $194.7. Cotton is trading around $81.21 (down $2.44).

Positive performances can be seen by looking at other Softs markets as Sugar is up 1.47%.

The commodity has been trending positively for about a month. Cocoa now trading 15.93% above its 3-month low of $2,211.5.