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Rich Asplund

BIZARRE: Cocoa prices mixed due to currency fluctuations - You Need To See This

Ice ICCO London NY Ivory Coast Ghana

September ICE NY cocoa (CCU25) today is up +87 (+1.04%), and September ICE London cocoa #7 (CAU25) is down -20 (-0.36%).

Cocoa prices today are mixed due to currency fluctuations. NY cocoa is climbing today after the dollar index (DXY00) fell to a 1-week low. However, London cocoa is under pressure today after the British pound (^GBPUSD) rallied to a 1-week high, which undercuts cocoa that is priced in terms of sterling.

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