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Barchart
Barchart
Rich Asplund

Cocoa Prices Rally on West African Crop Concerns

Ice West Africa London NY El Nino ICCO

Sep ICE NY cocoa (CCU23) on Monday closed +46 (+1.37%), and Sep ICE London cocoa #7 (CAU23) closed up +47 (+1.80).

Sep NY cocoa prices on Monday posted a new contract high and nearest-futures cocoa (CCN23) posted a 7-1/2 year high.  Sep London cocoa Monday posted a contract high, and nearest-futures (CAN23) posted a record high (data from 1989).

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