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Rich Asplund

Cocoa Prices Rebound as the Dollar Weakens

September ICE NY cocoa (CCU26) today is up +107 (+2.10%), and September ICE London cocoa #7 (CAU26) is up +79 (+2.06%).

Cocoa prices rebounded from 3.5-week lows today and pushed sharply higher as short-covering emerged after the dollar index ($DXY) fell from a 1-month high and moved lower.

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