
September ICE NY cocoa (CCU24) today is down -76 (-0.96%), and July ICE London cocoa #7 (CAN24) is up +142 (+1.85%).
Cocoa prices today are mixed, with NY cocoa posting a 1-month low. Cocoa prices are being undercut by reports of beneficial growing weather in the Ivory Coast and Ghana that should boost cocoa production. Today's weakness in the British pound (^GBPUSD) sparked short-covering in London cocoa and pushed prices higher. A weaker pound boosts cocoa that is priced in terms of sterling.