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Barchart
Barchart
Rich Asplund

Cocoa Prices Settle Slightly Higher on Consolidation

Ice ICCO London European Union British Pound NY the International Cocoa Organization the Ivory Coast United States

March ICE NY cocoa (CCH26) on Wednesday closed up +2 (+0.03%).  March ICE London cocoa #7 (CAH26) closed up +11 (+0.25%).

Cocoa prices settled slightly higher on Wednesday, consolidating below Monday's 2-week highs.  London cocoa posted bigger gains on Wednesday after the British pound (^GBPUSD) fell to a 1-week low, boosting cocoa priced in sterling.

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