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Rich Asplund

Cocoa Prices Mixed on Currency Fluctuations

Ice NY London ICCO JPMorgan

December ICE NY cocoa (CCZ24) today is down -107 (-1.45%), and December ICE London cocoa #7 (CAZ24) is up +24 (+0.41%).

Cocoa prices today are mixed due to currency fluctuations. NY cocoa fell back from a 1-week high and turned lower after the dollar index (DXY00) recovered from a 1-week low and moved higher, which sparked long liquidation pressure in NY cocoa futures after the sharp rally seen earlier this week.

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