
May ICE NY cocoa (CCK25) today is up +46 (+0.58%), and May ICE London cocoa #7 (CAK25) is up +83 (+1.34%).
Cocoa prices today are consolidating above recent lows. Gains in London cocoa accelerated today when the British pound (^GBPUSD) fell to a 2-week low, boosting cocoa that is priced in terms of sterling.