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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall Back from 7-1/2 Year High on Long Liquidation Pressure

Ice NY El Nino ICCO London

Sep ICE NY cocoa (CCU23) on Thursday closed down -77 (-2.31%), and Sep ICE London cocoa #7 (CAU23) closed down -43 (-1.66%).

Sep NY cocoa prices on Thursday fell back from Wednesday's contract high, when the front-month July contract posted a new 7-1/2 year high on the nearest-futures chart.  Cocoa prices on Thursday fell back on long liquidation pressure and a +0.4% rally in the dollar index.

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