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Barchart
Barchart
Rich Asplund

Cocoa Moves Lower on Dollar Strength

Ice ICCO Ivory Coast London

July ICE NY cocoa (CCN23) on Tuesday closed down -11 (-0.36%), and July ICE London cocoa #7 (CAK23) closed down -4 (-0.17%).

Cocoa prices Tuesday gave up early gains and closed slightly lower as a stronger dollar (DXY00) sparked long liquidation in cocoa futures.  Cocoa has been trading sideways over the past two weeks as prices consolidate below the 6-3/4 year high posted on May 22.

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