
May ICE NY cocoa (CCK24) this morning is down -801 (-6.74%), and May ICE London cocoa #7 (CAK24) is down -237 (-2.34%).
Cocoa prices this morning are sharply lower as a stronger dollar has sparked long liquidation pressures in cocoa futures. Losses in London cocoa are limited after the British pound (^GBPUSD) fell to a 5-1/4 month low today. The weaker pound boosts cocoa that is priced in terms of sterling.