{"id":131576,"date":"2025-11-19T15:51:42","date_gmt":"2025-11-19T20:51:42","guid":{"rendered":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/"},"modified":"2025-11-19T15:51:42","modified_gmt":"2025-11-19T20:51:42","slug":"cocoa-returns-to-bcom-for-2026","status":"publish","type":[3762],"link":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/","title":{"rendered":"Cocoa returns to BCOM for 2026"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94ea528c'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px; color: #0062dd;\">ARTICLE<\/span><\/strong><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">Cocoa returns to BCOM for 2026<\/h1>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 50px !important\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/trading\/\" rel=\"category tag\">\n                    Trading\n                <\/a>\n            <\/li>\n            <\/ul>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/409920074-cocoa.jpg\" class=\"bbg-single-image__image attachment-full\" alt=\"Cocoa harvest\" title=\"Cocoa harvest\" \/>\n        \n            <\/figure>\n<\/div>\n\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94eb20b1'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6 bbg-column--m-width-6\"\n    style=\"\"\n    >\n    <p>    <p class=\"bbg-metadata bbg-metadata--date\">November 19, 2025<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Bloomberg Professional Services<\/strong><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-2 bbg-column--s-padding-right-2\"\n    style=\"\"\n    >\n    <div class=\"bb-tts\"\n\tdata-selector=\"main\"\n\tdata-label=\"Speak this page\"\n\tdata-custom-play=\"Play\"\n\tdata-custom-pause=\"Pause\"\n\tdata-custom-stop=\"Stop\"\n\tdata-overlay=\"false\"\n\tdata-invert=\"false\"\n\tdata-no-time=\"false\"\n\tdata-no-button-text=\"false\"\n\tdata-one-button=\"true\"\n\tdata-one-style=\"true\"\n\tdata-hide-stop=\"true\"\n\tdata-voice=\"Gordon\"\n\tdata-pitch=\"1\"\n\tdata-speed=\"1\"\n\tdata-align=\"flex-start\"\n>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94eb4f5b'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><em>This article was written by Jim Wiederhold, Commodity Indices Product Manager at Bloomberg.<\/em><\/p>\n<p><span class=\"TextRun SCXW93264452 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW93264452 BCX0\">The Bloomberg Commodity Index (BCOM) will have a new commodity constituent entering the index during the annual reconstitution tak<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">ing<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\"> place in January 2026. After a <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">21-year<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\"> hiatus, cocoa <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">will be re<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">introduced after passing the <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">minimum<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\"> threshold two years in a row per the BCOM <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">methodology<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">. <\/span><\/span><\/p>\n<p><span class=\"TextRun SCXW93264452 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW93264452 BCX0\">After cocoa futures traded in a range <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">between<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\"> $2<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">,<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">000 to $3<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">,<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">000 a <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">ton from 2018 to 2022, prices started to gain momentum in 2023 before <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">surging<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\"> to over $12,000 a ton in 2024<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">. <\/span><\/span><span class=\"TextRun SCXW93264452 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW93264452 BCX0\">T<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">his price increase <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">was accompanied by a sharp increase <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">in trading volumes. A five-year average of <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">futures<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\"> trading volumes is used in the <\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">initial<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\"> annual target weight calculation for BCOM. The rise in cocoa trading volume starting in 2023 led to the inclusion for 2026. Exhibit 1 shows the history of removals and inclusions for BCOM over time with cocoa leaving the index in 2005 and re-entering in <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW93264452 BCX0\">2026<\/span><span class=\"NormalTextRun SCXW93264452 BCX0\">.<\/span><\/span><span class=\"EOP SCXW93264452 BCX0\" data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"771\" height=\"388\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-11.png\" class=\"bbg-single-image__image attachment-full\" alt=\"BCOM History of Commodity Removals and Inclusions\" title=\"BCOM History of Commodity Removals and Inclusions\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-11.png 771w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-11.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-11.png 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-11.png 192w\" sizes=\"auto, (max-width: 771px) 100vw, 771px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--margin-top-compact bbg-row--margin-bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94eb9186'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Tailored indices insights and invitations in your inbox<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Sign up<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_4462606867352181337\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/explore\/indices-insights-tailored-to-your-interests\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94ebeb7f'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW190116573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW190116573 BCX0\">Per Exhibit 1, the makeup of BCOM does not significantly change from year to year. The overall changes between the target weight announcements from 2025 to 2026 are minimal across all commodities and <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW190116573 BCX0\">highlights<\/span><span class=\"NormalTextRun SCXW190116573 BCX0\"> the continuous nature of BCOM. This broad commodities index <\/span><span class=\"NormalTextRun SCXW190116573 BCX0\">seeks<\/span><span class=\"NormalTextRun SCXW190116573 BCX0\"> to keep the basic construction stable while adjusting for the changing dynamic commodities markets in a slow, balanced manner over time.\u00a0<\/span><\/span><span class=\"EOP SCXW190116573 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94ec0a9a'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-3\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div><hr class=\"bbg-separator bbg-separator-1\" style=\"height:1px;\" \/>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px;\">PRODUCT MENTIONS<\/span><\/strong><\/p>\n\n<\/div>\n\n<div\n  id=\"cta_4301397768029437401\"\n  class=\"wpb_content_element bbg-cta no-icon\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p left\">\n      <a\n        class=\"bbg-cta-link link\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/products\/indices\/commodities\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"Bloomberg Commodity Indices\"\n        >\n                      Bloomberg Commodity Indices\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div><div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><hr class=\"bbg-separator bbg-separator-1\" style=\"height:1px;\" \/>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-1\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW41642601 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW41642601 BCX0\">Looking more closely at the <\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">BCOM<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\"> weights<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">, <\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">several trends<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\"> stand out. Precious metals continue<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\"> to play <\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">an important role<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">.<\/span> <span class=\"NormalTextRun SCXW41642601 BCX0\">G<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">old prices r<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">ose<\/span> <span class=\"NormalTextRun SCXW41642601 BCX0\">over <\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">50<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">%<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\"> year-to-date through October 20,<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\"> 2025<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW41642601 BCX0\">reaching an<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\"> all-time high. Gold held the biggest single commodity future contract weight in the Bloomberg Commodity Index (BCOM) to start 2025 (14.29%)<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">,<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\"> and <\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">at the peak in prices on Octo<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">ber 2<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">0<\/span><\/span><span class=\"TextRun SCXW41642601 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun Superscript SCXW41642601 BCX0\" data-fontsize=\"10\">th<\/span><\/span><span class=\"TextRun SCXW41642601 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW41642601 BCX0\">, the <\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">observed price percentage of gold floated as high as <\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">20<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">.48<\/span><span class=\"NormalTextRun SCXW41642601 BCX0\">%. <\/span><\/span><span class=\"EOP TrackedChange SCXW41642601 BCX0\" data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94ec3e5f'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW140636555 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW140636555 BCX0\">Gold has never had <\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">such a<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\"> high<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\"> observed<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\"> weight <\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">in the<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\"> history of BCO<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">M. <\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">With the release of the <\/span><\/span><a class=\"Hyperlink SCXW140636555 BCX0\" href=\"https:\/\/assets.bbhub.io\/professional\/sites\/27\/BCOM-2026-Target-Weights.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW140636555 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW140636555 BCX0\" data-ccp-charstyle=\"Hyperlink\">2026 BCOM Target Weights<\/span><\/span><\/a><span class=\"TextRun SCXW140636555 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW140636555 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW140636555 BCX0\">we see the weight of gold will fall to 14.<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">90<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">% <\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">during the annual reconstitution <\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">in early<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\"> January.<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\"> This overall trend of increasing significance of gold can be seen in Exhibit <\/span><span class=\"NormalTextRun SCXW140636555 BCX0\">2, which<\/span><span class=\"NormalTextRun SCXW140636555 BCX0\"> shows it is the single biggest contributor to the overall weight increase for metals over the last twenty years.\u00a0<\/span><\/span><span class=\"EOP SCXW140636555 BCX0\" data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"763\" height=\"575\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-21.png\" class=\"bbg-single-image__image attachment-full\" alt=\"Gold and Metals Increasing Importance in BCOM Over Time\" title=\"Gold and Metals Increasing Importance in BCOM Over Time\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-21.png 763w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-21.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOM-chart-21.png 143w\" sizes=\"auto, (max-width: 763px) 100vw, 763px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span data-contrast=\"auto\">Although gold is the largest <\/span><span data-contrast=\"auto\">single <\/span><span data-contrast=\"auto\">commodity futures contract, crude oil reaches the 15% single commodity cap in BCOM. Crude oil is represented by two futures contracts (WTI and BRENT) so the target weights for each commodity future are less than gold but together bring the crude oil exposure higher than gold which uses one futures contract. <\/span><\/p>\n<p><span data-contrast=\"auto\">Within the crude oil exposure, Brent crude oil recently overtook WTI in weight and is expected to have its highest target weight since its inclusion in the index. This highlights the trend of growing importance of Brent crude among commodity market participants and shows BCOM\u2019s ability to adapt over time as the underlying commodities markets evolve.<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Commodity markets evolve over time, with certain commodities gaining significance as others lose relevance. These shifts tend to happen gradually and BCOM is designed to adapt as the market slowly changes. One of the key pillars of BCOM is continuity which means the index will be responsive to the changing nature of commodity markets in a manner that does not completely reshape the character of the index from year to year. <\/span><\/p>\n<p><span data-contrast=\"auto\">This means BCOM can be a stable benchmark so end-users can be reasonably confident that historical performance data is based on a structure that remains broadly consistent. Exhibit 3 shows how the target weights of BCOM do not change dramatically from year to year even with the inclusion of cocoa into the index. Cocoa enters the index in 2026 with a weight of 1.71% which would mean it takes weight away from other commodities. This is seen clearly in the overall reduction in the target weight of the grains sector reduced by 2% from last year\u2019s weights. <\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Strikingly, <\/span><span data-contrast=\"auto\">no single commodity in BCOM universe saw its target weight decrease by more than 61 basis points. This showcases how BCOM has continuity and even with the rare introduction of a new commodity, it does not change the general look of the index from year to year.<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"757\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOm-chart-3-corr.png\" class=\"bbg-single-image__image attachment-full\" alt=\"2026 BCOM Target Weights\" title=\"2026 BCOM Target Weights\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOm-chart-3-corr.png 794w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOm-chart-3-corr.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOm-chart-3-corr.png 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/BCOm-chart-3-corr.png 113w\" sizes=\"auto, (max-width: 794px) 100vw, 794px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW105350002 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW105350002 BCX0\">W<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">ith over 25 years of history<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">, BCOM <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">remains<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\"> a stable and transparent benchmark for commodit<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">y <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">market participants<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">. <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">As c<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">ommodities regain significance <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">in <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">diversified<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\"> portfolios<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">, BCOM\u2019s rigorous methodology- anchored in trading volume and production data- <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">offers <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">a liquid<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\"> and rules-based reference point for commodity <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">exposure.<\/span> <span class=\"NormalTextRun SCXW105350002 BCX0\">In a context where many allocators are reviewing <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">alternatives<\/span> <span class=\"NormalTextRun SCXW105350002 BCX0\">strategies<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">, BCOM <\/span><span class=\"NormalTextRun SCXW105350002 BCX0\">provides<\/span><span class=\"NormalTextRun SCXW105350002 BCX0\"> a representative and economically grounded view of global commodity markets.\u00a0<\/span><\/span><span class=\"EOP SCXW105350002 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div class=\"bbg-accordion transparent\">\n\t<input type=\"checkbox\"  id=\"bbg-accordion-toggle-6ad9b94ecaa5b\">\n\t<div class=\"bbg-accordion-parent\" data-accordion-toggle aria-expanded=\"false\">\n\t\t<label class=\"bbg-accordion-label\" for=\"bbg-accordion-toggle-6ad9b94ecaa5b\">\n\t\t\t\t<h5 class=\"bbg-accordion-title\" data-label=\"Disclaimer\">\n\t\tDisclaimer\n\t<\/h5>\n\n\t\t\t\t\t<\/label>\n\t<\/div>\n\t<div class=\"bbg-accordion-content\">\n\t\t<div class=\"bb-wysiwyg\">\n\t<p><span data-contrast=\"auto\">The data and other information included in this publication is for illustrative purposes only, available \u201cas is\u201d, non-binding and constitutes the provision of factual information, rather than financial product advice.<\/span><span data-contrast=\"auto\"> \u00a0<\/span> <span data-contrast=\"auto\">BLOOMBERG and BLOOMBERG INDICES (the \u201cIndices\u201d) are trademarks or service marks of Bloomberg Finance L.P. (\u201cBFLP\u201d). BFLP and its affiliates, including BISL, the administrator of the Indices, or their licensors own all proprietary rights in the Indices. Bloomberg L.P. (\u201cBLP\u201d) or one of its subsidiaries provides BFLP, BISL and its subsidiaries with global marketing and operational support and service. Certain features, functions, products and services are available only to sophisticated investors and only where permitted. Bloomberg (as defined below) does not approve or endorse these materials or guarantee the accuracy or completeness of any information herein, nor does Bloomberg make any warranty, express or implied, as to the results to be obtained therefrom, and, to the maximum extent allowed by law, Bloomberg shall not have any liability or responsibility for injury or damages arising in connection therewith. Nothing in the Services or Indices shall constitute or be construed as an offering of financial instruments by Bloomberg, or as investment advice or investment recommendations (i.e., recommendations as to whether or not to \u201cbuy\u201d, \u201csell\u201d, \u201chold\u201d, or to enter or not to enter into any other transaction involving any specific interest or interests) by Bloomberg. Information available via the Index should not be considered as information sufficient upon which to base an investment decision. All information provided by the Index or in this publication is impersonal and not tailored to the needs of any person, entity or group of persons. Absence of any trademark or service mark from this list does not waive Bloomberg\u2019s intellectual property rights in that name, mark or logo.<\/span><span data-contrast=\"auto\"> \u00a0<\/span> <span data-contrast=\"auto\">For the purposes of this publication, Bloomberg includes BLP, BFLP, BISL and\/or their affiliates. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">BISL is registered in England and Wales under registered number 08934023 and has its registered office at 3 Queen Victoria Street, London, England, EC4N 4TQ. BISL is authorised and regulated by the Financial Conduct Authority as a benchmark administrator.\u00a0\u00a9 2025 Bloomberg. All rights reserved.<\/span><br \/>\n<span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n\t<\/div>\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-6ad9b94ecc3f3]::before {\n\t\t\t\tbackground-color: #f4f4f9;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--f4f4f9 text--black bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94ecc3f3'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h3>Related Content<\/h3>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-4 bbg-column--halign-right\"\n    style=\"\"\n    >\n    \n<div\n  id=\"cta_356649152368066095\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/tag\/indices\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"View all\"\n        >\n                      View all\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <script>\n    window.feed = window.feed || {};\n    window.feed['6ad9b94ecea8e'] = {\"config\":{\"uuid\":\"\",\"title\":\"\",\"filter_label\":\"\",\"post_type\":\"post\",\"order_by\":\"date\",\"direction\":\"desc\",\"show_date\":\"no\",\"show_excerpt\":\"no\",\"display\":\"limit\",\"filter\":\"OR\",\"max_items\":\"3\",\"skip_cache\":\"no\",\"feed_style\":\"grid\",\"published_date\":\"\",\"show_cta\":\"\",\"featured_image\":\"yes\",\"el_class\":\"\",\"terms_post\":\"post_tag__commodity-indices\",\"terms_page\":\"\",\"terms_attachment\":\"\",\"terms_webinar\":\"\",\"terms_bbmegamenu\":\"\",\"terms_directory\":\"\",\"terms_datalayer\":\"\",\"terms_templatera\":\"\",\"terms_bbg-fourofour\":\"\",\"terms_reusable\":\"\",\"terms_cookie_items\":\"\",\"terms_bbl_email_subscriber\":\"\",\"terms_dynamic_table_ticker\":\"\",\"terms_bfix\":\"\",\"terms_quicklinks\":\"\",\"terms_interstitial\":\"\",\"terms_slide\":\"\",\"terms_gated_content_form\":\"\",\"terms_site_alert\":\"\",\"terms_country\":\"\",\"terms_region\":\"\",\"terms\":\"post_tag__commodity-indices\"},\"cpt\":{\"name\":\"post\",\"label\":\"Posts\",\"labels\":{\"name\":\"Posts\",\"singular_name\":\"Post\",\"add_new\":\"Add New\",\"add_new_item\":\"Add New Post\",\"edit_item\":\"Edit Post\",\"new_item\":\"New Post\",\"view_item\":\"View Post\",\"view_items\":\"View Posts\",\"search_items\":\"Search Posts\",\"not_found\":\"No posts found.\",\"not_found_in_trash\":\"No posts found in Trash.\",\"parent_item_colon\":null,\"all_items\":\"All Posts\",\"archives\":\"Post Archives\",\"attributes\":\"Post Attributes\",\"insert_into_item\":\"Insert into post\",\"uploaded_to_this_item\":\"Uploaded to this post\",\"featured_image\":\"Featured image\",\"set_featured_image\":\"Set featured image\",\"remove_featured_image\":\"Remove featured image\",\"use_featured_image\":\"Use as featured image\",\"filter_items_list\":\"Filter posts list\",\"filter_by_date\":\"Filter by date\",\"items_list_navigation\":\"Posts list navigation\",\"items_list\":\"Posts list\",\"item_published\":\"Post published.\",\"item_published_privately\":\"Post published privately.\",\"item_reverted_to_draft\":\"Post reverted to draft.\",\"item_trashed\":\"Post trashed.\",\"item_scheduled\":\"Post scheduled.\",\"item_updated\":\"Post updated.\",\"item_link\":\"Post Link\",\"item_link_description\":\"A link to a post.\",\"menu_name\":\"Posts\",\"name_admin_bar\":\"Post\"},\"description\":\"\",\"public\":true,\"hierarchical\":false,\"exclude_from_search\":false,\"publicly_queryable\":true,\"show_ui\":true,\"show_in_menu\":true,\"show_in_nav_menus\":true,\"show_in_admin_bar\":true,\"menu_position\":5,\"menu_icon\":\"dashicons-admin-post\",\"capability_type\":\"post\",\"map_meta_cap\":true,\"register_meta_box_cb\":null,\"taxonomies\":[],\"has_archive\":false,\"query_var\":false,\"can_export\":true,\"delete_with_user\":true,\"template\":[],\"template_lock\":false,\"_builtin\":true,\"_edit_link\":\"post.php?post=%d\",\"cap\":{\"edit_post\":\"edit_post\",\"read_post\":\"read_post\",\"delete_post\":\"delete_post\",\"edit_posts\":\"edit_posts\",\"edit_others_posts\":\"edit_others_posts\",\"delete_posts\":\"delete_posts\",\"publish_posts\":\"publish_posts\",\"read_private_posts\":\"read_private_posts\",\"read\":\"read\",\"delete_private_posts\":\"delete_private_posts\",\"delete_published_posts\":\"delete_published_posts\",\"delete_others_posts\":\"delete_others_posts\",\"edit_private_posts\":\"edit_private_posts\",\"edit_published_posts\":\"edit_published_posts\",\"create_posts\":\"edit_posts\"},\"rewrite\":false,\"show_in_rest\":true,\"rest_base\":\"posts\",\"rest_namespace\":\"wp\\\/v2\",\"rest_controller_class\":\"WP_REST_Posts_Controller\",\"rest_controller\":{},\"revisions_rest_controller_class\":false,\"revisions_rest_controller\":{},\"autosave_rest_controller_class\":false,\"autosave_rest_controller\":{},\"late_route_registration\":false},\"taxonomies\":[{\"taxonomy\":\"post_tag\",\"terms\":[{\"term_id\":3673,\"name\":\"Commodities Indices\",\"slug\":\"commodity-indices\",\"term_group\":0,\"term_taxonomy_id\":3673,\"taxonomy\":\"post_tag\",\"description\":\"\",\"parent\":0,\"count\":51,\"filter\":\"raw\"}]}],\"excluded_taxonomies\":{\"tags\":[]},\"post_id\":131576};\n<\/script>\n<div class=\"feed\" data-id=\"6ad9b94ecea8e\"><\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--margin-top-normal bbg-row--margin-bottom-normal bbg-row--full-bg-bleed\" data-anchor='row-6ad9b94ecfd60'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_2.bbg-card_hasCta{\n\t\t\tbackground:#e6f3ff;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_2.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_2.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:black;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_2.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_2.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_2\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Get insights delivered to your inbox<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Sign up for Bloomberg Professional Services newsletter<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_1020043864959910914\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/newsletter\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cocoa will rejoin the Bloomberg Commodity Index (BCOM) in January 2026, following a 21-year hiatus, after meeting the minimum inclusion threshold for two consecutive years under BCOM methodology.<\/p>\n","protected":false},"author":1935,"featured_media":131581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-article.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"453","footnotes":""},"categories":[453,444],"tags":[3794,3673,547],"series":[],"class_list":["post-131576","post","type-post","status-publish","format-standard","hentry","category-markets","category-trading","tag-commodities","tag-commodity-indices","tag-indices","type-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cocoa returns to BCOM for 2026 | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"Cocoa will rejoin the Bloomberg Commodity Index (BCOM) in January 2026, following a 21-year hiatus, after meeting the minimum inclusion threshold for two consecutive years under BCOM methodology.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cocoa returns to BCOM for 2026 | Insights | Bloomberg Professional Services\" \/>\n<meta property=\"og:description\" content=\"Cocoa will rejoin the Bloomberg Commodity Index (BCOM) in January 2026, following a 21-year hiatus, after meeting the minimum inclusion threshold for two consecutive years under BCOM methodology.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Bloomberg Professional Services\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bloomberglp\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-19T20:51:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2F409920074-cocoa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mkaczmarski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theterminal\" \/>\n<meta name=\"twitter:site\" content=\"@theterminal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mkaczmarski\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/\"},\"author\":{\"name\":\"mkaczmarski\",\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/person\/303d143d0de94d7760ef9df6a4176754\"},\"headline\":\"Cocoa returns to BCOM for 2026\",\"datePublished\":\"2025-11-19T20:51:42+00:00\",\"dateModified\":\"2025-11-19T20:51:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/\"},\"wordCount\":\"1629\",\"publisher\":{\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#organization\"},\"keywords\":[\"Commodities\",\"Commodities Indices\",\"Indices\"],\"articleSection\":[\"Markets\",\"Trading\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/\",\"url\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/\",\"name\":\"Cocoa returns to BCOM for 2026 | Insights | Bloomberg Professional Services\",\"isPartOf\":{\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#website\"},\"datePublished\":\"2025-11-19T20:51:42+00:00\",\"dateModified\":\"2025-11-19T20:51:42+00:00\",\"description\":\"Cocoa will rejoin the Bloomberg Commodity Index (BCOM) in January 2026, following a 21-year hiatus, after meeting the minimum inclusion threshold for two consecutive years under BCOM methodology.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#website\",\"url\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/\",\"name\":\"Bloomberg Professional Services\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#organization\",\"name\":\"Bloomberg Professional Services\",\"url\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png\",\"contentUrl\":\"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png\",\"width\":\"512\",\"height\":\"103\",\"caption\":\"Bloomberg Professional Services\"},\"image\":{\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.instagram.com\/bloomberg\/\",\"https:\/\/www.linkedin.com\/showcase\/bloomberg-professional-service\/\",\"https:\/\/www.facebook.com\/bloomberglp\",\"https:\/\/twitter.com\/theterminal\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/person\/303d143d0de94d7760ef9df6a4176754\",\"name\":\"Bloomberg Professional Services\",\"url\":\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cocoa returns to BCOM for 2026 | Insights | Bloomberg Professional Services","description":"Cocoa will rejoin the Bloomberg Commodity Index (BCOM) in January 2026, following a 21-year hiatus, after meeting the minimum inclusion threshold for two consecutive years under BCOM methodology.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/","og_locale":"en_US","og_type":"article","og_title":"Cocoa returns to BCOM for 2026 | Insights | Bloomberg Professional Services","og_description":"Cocoa will rejoin the Bloomberg Commodity Index (BCOM) in January 2026, following a 21-year hiatus, after meeting the minimum inclusion threshold for two consecutive years under BCOM methodology.","og_url":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/","og_site_name":"Bloomberg Professional Services","article_publisher":"https:\/\/www.facebook.com\/bloomberglp","article_published_time":"2025-11-19T20:51:42+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2F409920074-cocoa.jpg","type":"image\/jpeg"}],"author":"mkaczmarski","twitter_card":"summary_large_image","twitter_creator":"@theterminal","twitter_site":"@theterminal","twitter_misc":{"Written by":"mkaczmarski","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/#article","isPartOf":{"@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/"},"author":{"name":"mkaczmarski","@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/person\/303d143d0de94d7760ef9df6a4176754"},"headline":"Cocoa returns to BCOM for 2026","datePublished":"2025-11-19T20:51:42+00:00","dateModified":"2025-11-19T20:51:42+00:00","mainEntityOfPage":{"@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/"},"wordCount":"1629","publisher":{"@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#organization"},"keywords":["Commodities","Commodities Indices","Indices"],"articleSection":["Markets","Trading"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/","url":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/","name":"Cocoa returns to BCOM for 2026 | Insights | Bloomberg Professional Services","isPartOf":{"@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#website"},"datePublished":"2025-11-19T20:51:42+00:00","dateModified":"2025-11-19T20:51:42+00:00","description":"Cocoa will rejoin the Bloomberg Commodity Index (BCOM) in January 2026, following a 21-year hiatus, after meeting the minimum inclusion threshold for two consecutive years under BCOM methodology.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/cocoa-returns-to-bcom-for-2026\/"]}]},{"@type":"WebSite","@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#website","url":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/","name":"Bloomberg Professional Services","description":"","publisher":{"@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#organization","name":"Bloomberg Professional Services","url":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/logo\/image\/","url":"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png","contentUrl":"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png","width":"512","height":"103","caption":"Bloomberg Professional Services"},"image":{"@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.instagram.com\/bloomberg\/","https:\/\/www.linkedin.com\/showcase\/bloomberg-professional-service\/","https:\/\/www.facebook.com\/bloomberglp","https:\/\/twitter.com\/theterminal"]},{"@type":"Person","@id":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/#\/schema\/person\/303d143d0de94d7760ef9df6a4176754","name":"Bloomberg Professional Services","url":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023"}]}},"_links":{"self":[{"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/posts\/131576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/users\/1935"}],"replies":[{"embeddable":true,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/comments?post=131576"}],"version-history":[{"count":10,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/posts\/131576\/revisions"}],"predecessor-version":[{"id":131596,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/posts\/131576\/revisions\/131596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/media\/131581"}],"wp:attachment":[{"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/media?parent=131576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/categories?post=131576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/tags?post=131576"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/series?post=131576"},{"taxonomy":"type","embeddable":true,"href":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/wp-json\/wp\/v2\/type?post=131576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}