
December ICE NY cocoa (CCZ24) today is down -151 (-1.94%), and December ICE London cocoa #7 (CAZ24) is down -112 (-2.08%).
Cocoa prices today are moderately lower after a recovery in the dollar index (DXY00) from a 3-week low, which sparked long liquidation in cocoa futures. On Monday, cocoa prices rose to a 2-1/2 week highs on news of lower cocoa production in the Ivory Coast, the world's largest producer. Government data Monday showed that Ivory Coast farmers shipped 1.72 MMT of cocoa to ports from October 1 to September 15, down by -28% from the same time last year.