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Barchart

Rich Asplund

Cocoa Prices Continue to Retreat on Long Liquidation Pressure

COCOA Ice NY London Ghana ICCO Ivory Coast

March ICE NY cocoa (CCH25) today is down -190 (-1.59%), and March ICE London cocoa #7 (CAH25) is down -72 (-0.76%).

Cocoa prices are down again today, adding to the sharp decline seen last Thursday and Friday. Long liquidation pressure has emerged after NY cocoa last Wednesday posted an all-time nearest-futures high and London cocoa posted an 8-month nearest-futures high.

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