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Barchart
Rich Asplund

Cocoa Prices Mixed on Currency Fluctuations

Ice NY London United States El Niño Ivory Coast StoneX

July ICE NY cocoa (CCN26) today is down -12 (-0.29%), and July ICE London cocoa #7 (CAN26) is up +31 (+0.98%).

Cocoa prices are mixed today. NY cocoa is under pressure today from a stronger dollar and rising US inventories. The dollar index ($DXY) rose to a 13-month high today, weighing on most commodity prices. However, London cocoa recovered from early losses today and moved higher after the British pound (^GBPUSD) tumbled to a 2.25-month low, boosting cocoa priced in sterling.

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