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Barchart
Barchart
Rich Asplund

UNCOVERED: Cocoa prices consolidate below last week s highs - Caught on Camera

Ice London NY Ghana ICCO Ivory Coast

March ICE NY cocoa (CCH25) is up +84 (+0.72%), and March ICE London cocoa #7 (CAH25) is down -238 (-2.54%).

Cocoa prices remain volatile in thin holiday trade as they consolidate below recent highs.  NY cocoa last Wednesday posted an all-time nearest-futures high, and London cocoa posted an 8-month nearest-futures high.  Cocoa prices ran into long liquidation pressure over the past several sessions but stabilized today.

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