https://www.instagram.com/vanessaclarkipai This is your Cocoa podcast. Hey everyone, welcome to the Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa futures – the good, the volatile, and what it means for your trading watchlist. Right now, as of this morning, cocoa futures are trading in a tight range between about 3,384 and 3,490 dollars per tonne, hovering around 3,200 to 3,500 overall. That's a massive drop – down 57 percent from that wild 2025 peak above 12,000 dollars, thanks to back-to-back West African crop failures and supply squeezes that sent prices skyrocketing from 2,500 in early 2023. Nairametrics reports we're back near June 2023 lows, with global surpluses projected at 287,000 metric tons for 2025-26 and another 267,000 for 2026-27. ICE inventories are at a 19-month high, turning that old tailwind into a real headwind for prices. The bear case is deepening, with analysts like those at AInvest calling 3,400 the near-term floor amid structural demand slowdowns trapping any quick rallies. WisdomTree Cocoa ETF signals show weakness too, trading at 5.66 pounds with short setups eyeing 18 percent downside. But keep an eye on El Niño brewing – Commodity Report says it could hit cocoa hard over the next year or two, potentially shaking up palm oil, cotton, and our favorite bean. Nigeria's Johnvents Industries is a bright spot in this mess, posting strong profits from the boom but now facing revenue compression in this 3,000 to 4,000 dollar environment. Tip for you traders: Run your own scenarios between 2,800 and 5,000 dollars per tonne to stay ahead. Actionable takeaway? If you're long, tighten those stops around 3,400. Short-term bears have the edge, but weather wildcards could flip it fast. Stay nimble, folks. Thanks for tuning in to Daily Cocoa Price Tracker – hit subscribe, share with your trading crew, and I'll catch you next time for more fresh cocoa updates! For more http://www.quietplease.ai Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai For some deals, check out https://amzn.to/4hSgB4r This content was created in partnership and with the help of Artificial Intelligence AI.