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Barchart
Barchart
Rich Asplund

Risk Aversion in Asset Markets Sparks Weakness in Cocoa Futures

Sep ICE NY cocoa (CCU23) on Thursday closed -71 (-1.99%), and Sep ICE London cocoa #7 (CAU23) closed -47 (-1.74%).

Cocoa prices Thursday fell to 1-week lows and closed moderately lower.  A slump in global equity markets due to rising bond yields prompted risk-aversion in asset markets and sparked long liquidation pressure in cocoa futures.

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