September ICE NY cocoa (CCU25) today is down -33 (-0.41%), and September ICE London cocoa #7 (CAU25) is up +51 (+0.91%).
Cocoa prices today are mixed, with NY cocoa sliding to a 4-week low. Forecasts for rain in the Ivory Coast later this week are weighing on cocoa prices. However, today's decline in the British pound (^GBPUSD) to a 1-week low is lifting London cocoa prices. The weaker pound boosts cocoa that is priced in terms of sterling.
