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Rich Asplund

Dollar Weakness Spurs Short Covering in Cocoa Futures

Ice ICCO NY London Ghana Hershey Ivory Coast Mondelez

May ICE NY cocoa (CCK25) today is up +21 (+0.26%), and May ICE London cocoa #7 (CAK25) is up +50 (+0.86%).

Cocoa prices today recovered from early losses and moved moderately higher as a weaker dollar (DXY00) 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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