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Rich Asplund

Cocoa Prices Push Higher as Dollar Weakness Spurs Short Covering

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

May ICE NY cocoa (CCK26) today is up +46 (+1.53%), and May ICE London cocoa #7 (CAK26) is up +32 (+1.50%).

Cocoa prices are moving higher today as they recover from Monday's significant lows. Dollar weakness ($DXY) today has sparked some mild short covering in cocoa futures.

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