Jun. 15, 2026 - Cocoa futures moved like the Dutch soccer team at the World Cup: slow, defensive, and boring.

Cocoa markets are moving again. After weeks of sideways trading, futures jumped sharply as speculative shorts grew and weather concerns returned. In this episode, we break down rising Ivory Coast arrivals, growing exchange stocks, the risk of El Niño on next season’s crop, and why the market is balancing heavy supply today against tighter risks ahead.For the full market analysis and real-time cocoa prices and price forecasts, go to vespertool.com. See you in two weeks!