Daily Market Price Updates and Commentary 2nd June 2026

It was a calmer start to trading today and initial losses which saw Jul’26 trading back to 14.33 were gathered to leave the price holding quietly in the 14.40 area for the next couple of hours. A further look at 14.33 represented the only other movement of a very quiet morning with traders awaiting input from the US to see whether the market had the ability to escape from its narrow range. Some minor interest from smaller traders did nudge the value briefly back into credit at 14.47 early in the afternoon, but with no other sectors willing to join the effort prices soon returned to the morning range for some additional flatlining. There was no sign that the higher cocoa values would encourage a wider “softs” rally, and in fact the only movement across the following hours came from day trader liquidation when their selling pushed the price to a 14.25 low, though it quickly recovered the loss once completed and returned to the 14.40 comfort zone ahead of the close. The final stages were as slow as the hours that had preceded, and a tedious session reached a welcome conclusion with Jul’26 valued at 14.38.  

A lower opening was gathered up and for a while it seemed that the market would look to defy the lower No.11 and again hold form. Highs were recorded at $450.80 as the stability failed to garner any additional support, and reaching the middle of the morning we saw the early buying efforts quickly unravel as position liquidation knocked $5 from the value. Despite attempting to hold the mid $%440’s through into the afternoon there was not the same buying appetite being seen than had driven prices yesterday, and eventually more selling appeared from the spec/smaller trader sectors and extended the range all the way down to $440.70. White premiums were paring recent gains with Aug/Jul’26 slipping back to $125.00, almost $10 beneath yesterdays highs with suggestion in the market that the sharp recent gain had been due to position covering from the trade. From the mid-afternoon lows there was a return to stability with the final part of the session seeing a return to the mid $440’s, steady but unspectacular action in keeping with the continuation of current parameters. Approaching the call there was a small burst of buying which looked to reduce losses and briefly pushed Aug’26 back to $448.80, however the movement was made too soon and the buying faded to leave settlement at $445.80.