Just caught something interesting in the cocoa market - prices jumped today with NY cocoa up almost 1% and London up over 2.5%. Turns out shipments to ports in Ivory Coast have been running lighter than expected, which sparked some short covering in the futures. The data shows Ivory Coast farmers moved about 1.23 million metric tons to ports this season, down from last year's pace. Since Ivory Coast is basically the world's cocoa supply backbone, any slowdown there gets traders' attention. That said, the bigger picture still looks soft - demand's been weak because chocolate prices are brutal for consumers, and global inventories are actually pretty comfortable. But if Ivory Coast supplies keep tightening up, we might see some floor forming here. Worth watching how the rest of the harvest plays out.