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Rich Asplund

INSANE: Cocoa prices rebound on dollar weakness and falling ice inventories | Rare Historical Photos

Ice Ivory Coast ICCO London NY Ghana

Dec ICE NY cocoa (CCZ23) on Friday closed +53 (+1.56%), and Dec ICE London cocoa #7 (CAZ23) closed +45 (+1.53%).

Cocoa prices Friday recovered from early losses and closed moderately higher. A weaker dollar Friday sparked short covering in cocoa futures. Also, supplies continue to tighten as ICE-monitored cocoa inventories held in U.S. ports have declined steadily over the past four months to an 8-1/2 month low Friday.

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