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Rich Asplund

Dollar Strength Sparks Long Liquidation in Cocoa Futures

Ice London ICCO Ivory Coast NY

March ICE NY cocoa (CCH25) today is down -458 (-3.65%), and March ICE London cocoa #7 (CAH25) is down -297 (-2.99%).

Cocoa prices today are under pressure as a rally in the dollar index (DXY00) to a 2-year high has spurred long liquidation in cocoa futures.

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