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Rich Asplund

Cocoa Prices Slip on Dollar Strength

Ice ICCO Deficit Ivory Coast London NY

July ICE NY cocoa (CCN24) on Wednesday closed down -149 (-1.56%), and July ICE London cocoa #7 (CAN24) closed down -41 (-0.54%).

Cocoa prices closed moderately lower on Wednesday as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices saw some long liquidation pressure after the rally seen in late May.

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