The Cocoa future down $29 reaching $2,954, for its 13th straight negative day

Cocoa is down to $2,954 per metric tonne, after ending Friday at $2,983. Overall, a 0.97% loss or $29 today.

Positive performances can be seen by looking at other Softs markets as Sugar is up 0.58%. Cotton increases 0.39% to trade around $80.46.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as as things stand, upcoming United States Consumer Confidence data is projected to fall short of market expectations with newly published data of 104, following on from the preceding figure of 104.2. New data is set to be published tomorrow at 14:00 UTC.

Furthermore, United States Building Permits is scheduled for tomorrow at 13:30 UTC. United States New Home Sales (Mar) will be released tomorrow at 14:00 UTC.

The commodity has been trending positively for about a month. CME Cocoa now trading 14.29% above its 3-month low of $2,211.5.