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Rich Asplund

Dollar Weakness Prompts Short Covering in Cocoa Futures

Ice ICCO Hershey Mondelez

May ICE NY cocoa (CCK25) Thursday closed up +111 (+1.50%), and May ICE London cocoa #7 (CAK25) closed up +77 (+1.21%).

Cocoa prices Thursday recovered from early losses and posted moderate gains after a slump in the dollar index (DXY00) to a 4-month low sparked short covering in cocoa futures.

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One subscription that gives you access to news from hundreds of sites

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