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Rich Asplund

DARK SECRETS: Cocoa prices trade sideways below 11 5 month highs - The Real Truth

Ice London Ghana Ivory Coast Ghana Cocoa Board NY the Ivory Coast

December ICE NY cocoa (CCZ26) is up +57 (+0.96%) today, and December ICE London cocoa #7 (CAZ26) is up +64 (+1.48%).

Cocoa prices are moving higher today as they continue to trade sideways between last Tuesday’s 3-week low and the 11.5-month high from August 31. Gains in London cocoa accelerated today after the British pound (^GBPUSD) fell to a 5-week low. The weaker pound boosts cocoa priced in sterling.

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