
September ICE NY cocoa (CCU24) on Tuesday closed down -72 (-0.91%), and July ICE London cocoa #7 (CAN24) closed up +138 (+1.80%).
Cocoa prices Tuesday settled mixed, with NY cocoa posting a 1-month low. Cocoa prices are being undercut by reports of beneficial growing weather in the Ivory Coast and Ghana that should boost cocoa production. Tuesday's weakness in the British pound (^GBPUSD) supported London cocoa prices. A weaker pound boosts cocoa that is priced in terms of sterling.