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Barchart
Barchart
Rich Asplund

Cocoa Gives Up Early Gains as Dollar Strength Fuels Long Liquidation

Ice Ivory Coast ICCO

May ICE NY cocoa (CCK24) on Tuesday closed down -145 (-1.77%), and May ICE London cocoa #7 (CAK24) closed down -113 (-1.66%).

Cocoa prices on Tuesday relinquished an early rally and settled moderately lower as a rally in the dollar index (DXY00) to a 2-week high sparked long liquidation in cocoa futures.

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