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Rich Asplund

Currency Fluctuations Move Cocoa Prices

Ice ICCO London NY Ivory Coast Ghana

September ICE NY cocoa (CCU25) today is down -2 (-0.02%), and September ICE London cocoa #7 (CAU25) is up +16 (+0.29%).

Cocoa prices today are mixed due to currency fluctuations. NY cocoa is under pressure today from a rally in the dollar index (DXY00) to a 2-month high. London cocoa is moving higher today after the British pound (^GBPUSD) fell to a 2.25-month low. The weaker pound boosts cocoa that is priced in terms of sterling.

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