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Barchart
Rich Asplund

NY Cocoa Prices Fall Back on Dollar Strength

Ice NY ICCO London Ivory Coast

May ICE NY cocoa (CCK23) on Wednesday closed down -11 (-0.38%), and May ICE London cocoa #7 (CAK23) closed up +31 (+1.45%).

Cocoa prices Wednesday settled mixed, with London cocoa climbing to a 4-month nearest-futures high.  A stronger dollar (DXY00) Wednesday weighed on NY cocoa prices, although a -0.3% decline in the British pound (^GBPUSD) supported London cocoa.  A weaker pound benefits cocoa priced in sterling.  

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