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Barchart
Barchart
Rich Asplund

Dollar Strength Spurs Long Liquidation Pressures in Cocoa Futures

Ice ICCO NY European Union the International Cocoa Organization

March ICE NY cocoa (CCH26) today is down -120 (-1.97%).  March ICE London cocoa #7 (CAH26) is down -65 (-1.49%).

Cocoa prices are moving lower today, giving back some of Monday's sharp gains.  Dollar strength (DXY00) today has spurred long liquidation in cocoa futures.

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