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Rich Asplund

Cocoa Prices Rebound on Dollar Weakness

Ice ICCO Hershey London Mondelez

May ICE NY cocoa (CCK25) today is up +131 (+1.62%), and May ICE London cocoa #7 (CAK25) is up +64 (+1.01%).

Cocoa prices today recovered from early losses and moved higher after a slump in the dollar index (DXY00) to a 4-month low sparked short covering in cocoa futures.

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