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Rich Asplund

YOU WONT BELIEVE: Cocoa prices settle higher as dollar weakness induces short covering - What They Never Told You

Ice On ICCO Ivory Coast Ghana the International Cocoa Organization

March ICE NY cocoa (CCH26) on Friday closed up +112 (+3.77%), and March ICE London cocoa #7 (CAH26) closed up +133 (+6.25%).

Cocoa prices rallied sharply on Friday as dollar weakness ($DXY) spurred technical short covering in cocoa futures, which had reached deeply oversold levels following this week's plunge.

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