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Barchart
Barchart
Rich Asplund

Short Covering Boosts Cocoa Prices on Resilient North American Q2 Cocoa Demand

September ICE NY cocoa (CCU25) today is up +460 (+6.29%), and September ICE London cocoa #7 (CAU25) is up +193 (+4.02%).

Cocoa prices today are sharply higher as short covering has emerged after North American Q2 cocoa grindings did not decline as much as those in Europe and Asia.  North American Q2 coca grindings fell -2.8% y/y to 101.865 MT.

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