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Barchart
Rich Asplund

Cocoa Prices Mixed as Dollar Strength Sparks Long Liquidation Pressures

Ice ICCO NY

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

Cocoa prices this morning are mixed.  Cocoa prices today initially rallied to new record highs, but 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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