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Barchart
Barchart
Rich Asplund

Cocoa Prices Tumble on Drier Conditions in the Ivory Coast

July ICE NY cocoa (CCN23) on Wednesday closed up +22 (+0.70%), and July ICE London cocoa #7 (CAK23) closed up +15 (+0.59%).

NY cocoa prices on Wednesday initially posted a 2-week low but then recovered to close the day moderately higher.  Cocoa prices saw support from Wednesday's -0.46% sell-off in the dollar index, which was bullish for commodity prices in general.

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