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Barchart
Rich Asplund

Cocoa Prices Rebound as the Dollar Turns Lower

Ice ICCO Hershey London Mondelez

May ICE NY cocoa (CCK25) today is up +80 (+0.96%), and May ICE London cocoa #7 (CAK25) is up +113 (+1.76%).

Cocoa prices today are moderately higher as they consolidate about last week's 4-month lows.  Cocoa prices today recovered from early losses and turned higher after the dollar (DXY00) gave up an early advance and turned lower, sparking short covering in cocoa futures.

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