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Barchart
Barchart
Rich Asplund

NY Cocoa Climbs as Dollar Weakness Spurs Short-Covering

Ice NY ICCO London Ivory Coast

September ICE NY cocoa (CCU25) today is up +222 (+2.99%), and September ICE London cocoa #7 (CAU25) is down -6 (-0.11%).

Cocoa prices are mixed today, with London cocoa falling to a 4-week low.  NY cocoa recovered from a 5-week low today and rallied sharply as short-covering emerged when the dollar index (DXY00) tumbled to a 3.5-week low.

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