CommodiWisor
BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%
Intelligence Engine
Soft Commodities · CC · USD / t

Cocoa

Cocoa is undergoing its most severe supply shock in modern history. Ivory Coast and Ghana — 60% of global supply — suffering from aging trees, swollen shoot virus, and chronic underinvestment. Years required to rebuild capacity.

Spot
$7,850
Δ 24h
+5.4%
Realized Vol
35.4%
Cycle Phase
Supply Shock
Price Timeline · 10Y

Interactive History

Hover · Click events
20152016201720182019202020212022202320242025
Annotated Macro Events
2023Harmattan DamageWest African dry winds devastate flowering.
2024Spot Spike to $12kMost extreme commodity move in decades.
2025Substitution BeginningMajor chocolatiers announce reformulation.
Cycle Phase Breakdown

Where Cocoa Sits in Its Supercycle

50%
25%
15%

Supply Shock

50%

Current — historic deficit phase.

Peak Euphoria

25%

Squeeze re-test possible.

Distribution

15%

Demand destruction underway.

Collapse

10%

Post-cycle washout risk.

Supply & Demand
  • Global Deficit 24/25-462 kt
  • Stocks-to-Grinding27%
  • Grinding YoY-3.1%
Cross-Asset Correlation
  • Coffee
    0.38
  • Sugar
    0.31
  • DXY
    -0.18
Exposure Vehicles
  • NIB
    iPath Bloomberg Cocoa ETN
  • CHOC
    WisdomTree Cocoa ETC
View Full Tracker →
Related in Soft Commodities

Cotton

-0.8%
79.5¢
Accumulation