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Rich Asplund

Dollar Strength Sparks Long Liquidation in Cocoa Futures

Ice ICCO London Ghana Ivory Coast NY

Dec ICE NY cocoa (CCZ23) on Tuesday closed -74 (-2.11%), and Dec ICE London cocoa #7 (CAZ23) closed -54 (-1.78%).

Cocoa prices Tuesday closed moderately lower after a rally in the dollar index (DXY00) to a 10-1/4 month high sparked long liquidation in cocoa futures.

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