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Rich Asplund

BIZARRE: Cocoa prices rebound higher after friday monday plunge | Mind Blowing Facts

Ice Hershey ICCO London Mondelez

May ICE NY cocoa (CCK25) today is up +311 (+3.67%), and May ICE London cocoa #7 (CAK25) is up +222 (+3.23%).

Cocoa prices are higher today on some short-covering after the plunge seen on Monday and last Friday, which was driven by concern about cocoa demand and recent rain in the Ivory Coast and Ghana.

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