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Barchart
Barchart
Rich Asplund

Cocoa Prices Slide as Dollar Strength Spurs Long Liquidation Pressures

Ice ICCO NY European Union London the International Cocoa Organization

March ICE NY cocoa (CCH26) on Tuesday closed down -123 (-2.02%).  March ICE London cocoa #7 (CAH26) closed down -67 (-1.54%).

Cocoa prices settled lower on Tuesday, giving back some of Monday's sharp gains.  Dollar strength (DXY00) on Tuesday spurred long liquidation pressures in cocoa futures.

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