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Rich Asplund

Cocoa Prices Settle Higher as Dollar Weakness Sparks Short Covering

Ice ICCO Hershey London Mondelez

May ICE NY cocoa (CCK25) Friday closed up +105 (+1.28%), and May ICE London cocoa #7 (CAK25) closed up +91 (+1.41%).

Cocoa prices Friday settled moderately higher as they recovered further from Tuesday's 3-1/2 month low.  Friday's fall in the dollar index (DXY00) to a 4-month low prompted short covering in cocoa futures.

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