
December ICE NY cocoa (CCZ24) today is down -52 (-0.73%), and December ICE London cocoa #7 (CAZ24) is down -5 (-0.10%).
Cocoa prices today turned lower after the dollar index rebounded from a 1-week low to higher on the day, which sparked long liquidation in cocoa futures. Cocoa prices today initially moved higher on signs of tighter cocoa supplies after ICE-monitored cocoa inventories held in US ports fell to a 15-year low Thursday of 2,420,443 bags.