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Barchart

Rich Asplund

Cocoa Prices Retreat as Dollar Strength Sparks Long Liquidation

COCOA Ice ICCO Ivory Coast London NY

March ICE NY cocoa (CCH25) Thursday closed down -458 (-3.65%), and March ICE London cocoa #7 (CAH25) closed down -261 (-2.63%).

Cocoa prices fell sharply Thursday after a rally in the dollar index (DXY00) to a 2-year high spurred long liquidation in cocoa futures.

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