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Barchart
Rich Asplund

Cocoa Prices Stabilize After Weekly Sell-off on Scattered Rain Forecasts

Ice ICCO Ghana Ivory Coast London

September ICE NY cocoa (CCU25) today is up +55 (+0.67%), and September ICE London cocoa #7 (CAU25) is up +17 (+0.30%).

NY cocoa prices today stabilized and moved a bit higher after the sharp sell-off from Monday's 2-month high.  Cocoa prices rallied to that high due to recent dry weather in West Africa, but forecasts have since emerged for some rain in some cocoa-growing areas of West Africa.

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