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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall as Dollar Strength Spurs Long Liquidation

Ice ICCO European Union NY the International Cocoa Organization the Ivory Coast

March ICE NY cocoa (CCH26) today is down -184 (-2.95%).  March ICE London cocoa #7 (CAH26) is down -132 (-2.94%).

Cocoa prices are moving lower today, giving back some of Monday's sharp gains.  Today's rally in the dollar index (DXY00) to a 1-week high has fueled long liquidation pressures in cocoa futures.  

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