Nov. 17, 2025 - Futures Reset, Weak Demand Signals and Shifting Tariff Landscape

A clear snapshot of the latest cocoa market dynamics, covering the sharp pullback in futures after short-lived gains, persistent demand softness, evolving U.S. tariff policies affecting cocoa-related trade, and mixed supply outlooks. This summary highlights arrivals data from West Africa, updates on managed-money positioning, industry demand indicators, and contrasting surplus forecasts from major analysts.For the full market analysis and real-time cocoa prices and price forecasts, go to vespertool.com. See you in two weeks!