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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Cocoa prices mixed after posting new all time highs - Caught on Camera

Ice NY London Ivory Coast ICCO United States

May ICE NY cocoa (CCK24) this morning is down -199 (-1.97%), and May ICE London cocoa #7 (CAK24) is up +81 (+0.98%).

Cocoa prices this morning are mixed, although NY and London cocoa posted new all-time highs.  Concern about shrinking global cocoa supplies continues to push prices to new record highs.  Profit-taking by funds emerged today and knocked NY cocoa prices into negative territory, while London cocoa reopened from the Easter holiday and played catch up to Monday's sharp rally in NY cocoa prices.

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