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Barchart
Rich Asplund

Dollar Weakness Supports Gains in Cocoa Prices

Ice ICCO Hershey London Mondelez

May ICE NY cocoa (CCK25) today is up +68 (+0.83%), and May ICE London cocoa #7 (CAK25) is up +59 (+0.92%).

Cocoa prices today are moderately higher as they recover further from Tuesday's 3-1/2 month low.  Today's fall in the dollar index (DXY00) to a 4-month low has prompted short covering in cocoa futures.  

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