Cocoa Prices Rally to 7-1/2 Year High on El Nino Concerns and Heavy Rain in West Africa
July ICE NY cocoa (CCN23 ) on Wednesday closed up +80 (+2.49), and July ICE London cocoa #7 (CAK23 ) closed up +41 (+1.56%). July NY cocoa prices on Wednesday rallied sharply to a new contract high and a new 7-1/2 year high on the nearest-futures chart. Cocoa prices continue...
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