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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall Back From Record Highs and Settle Mixed

Ice ICCO NY

March ICE NY cocoa (CCH24) on Thursday closed down -29 (-0.47%), and Mar ICE London cocoa #7 (CAH24) closed up +166 (+3.26%).

Cocoa prices on Thursday rallied to a new record high but then fell back and settled mixed.  A rebound in the dollar from a 2-1/2 week low sparked long liquidation in cocoa futures, which knocked NY cocoa into negative territory.

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