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Barchart

Rich Asplund

Dollar Strength and Rising ICE Inventories Undercut Cocoa Prices

Ice Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) today is down -122 (-3.14%), and July ICE London cocoa #7 (CAN26) is down -74 (-2.53%).

Cocoa prices are moving lower today as they consolidate just above Monday's 2-week lows. Today's rally in the dollar index ($DXY) to a 6-week high is pressuring most commodity prices, including cocoa.

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