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Rich Asplund

Cocoa Prices Mixed on Currency Fluctuations

Ice London Cocoa NY Cocoa London CFTC Deficit Ghana ICCO Ivory Coast Maxar Technologies

March ICE NY cocoa (CCH25) today is down -18 (-0.16%), and March ICE London cocoa #7 (CAH25) is up +54 (+0.63%).

Cocoa prices today are mixed.  Today's rally in the dollar index to a 3-week high (DXY00) undercut NY cocoa prices.  However, London cocoa is higher after the British pound (^GBPUSD) fell to a 1-1/2 week low against the dollar.  The weaker pound boosts cocoa priced in terms of sterling.

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