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Rich Asplund

Cocoa Sees Support from Dollar Weakness

Ice ICCO Hershey Ivory Coast London Mondelez

May ICE NY cocoa (CCK25) today is up +76 (+0.95%), and May ICE London cocoa #7 (CAK25) is up +92 (+1.49%).

Cocoa prices today recovered from early losses and posted moderate gains on a decline in the dollar (DXY00). Since posting 4-1/2 month lows last Friday, cocoa prices have traded sideways and consolidated their recent losses.

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