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Rich Asplund

Cocoa Prices Mixed on Currency Fluctuations

Ice the Ivory Coast ICCO London NY Ghana the International Cocoa Organization

May ICE NY cocoa (CCK26) today is down -4 (-0.13%), and May ICE London cocoa #7 (CAK26) is up +20 (+0.94%).

Cocoa prices are mixed today as prices consolidate recent losses. Currency fluctuations are affecting prices, as today's rally in the dollar index ($DXY) to a 3.25-month high is weighing on NY cocoa, while today's decline in the British pound (^GBPUSD) to a 3-month low is boosting London cocoa.

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