The cocoa market just experienced its worst monthly performance on record as demand collapsed. When a commodity this fundamental sees such brutal selling pressure, it's signaling something bigger about global consumption patterns and economic health. Investors watching macro conditions know this type of demand destruction across commodities often precedes shifts in risk asset allocation. Whether it's inflation fears, recession concerns, or changing consumption habits—these kinds of market tremors ripple through the broader financial system, including crypto markets. Worth monitoring how other commodities respond in the coming weeks.