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Barchart
Rich Asplund

Rain in West Africa Sparks Long Liquidation in Cocoa

Ice West Africa Ghana Ivory Coast London Cocoa NY Cocoa London CFTC ICCO Maxar Technologies

March ICE NY cocoa (CCH25) Monday closed down -221 (-1.91%), and March ICE London cocoa #7 (CAH25) closed down -131 (-1.43%).

Cocoa prices dropped to 1-week lows on Monday as weekend rains in the Ivory Coast and Ghana eased the dry conditions caused by the seasonal Harmattan winds and sparked long liquidation in cocoa.  

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