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Barchart
Rich Asplund

UNBELIEVABLE: Cocoa prices settle lower as west african rains boosts crop development | History Defined

Ice West Africa Ivory Coast ICCO London Cocoa NY Cocoa Ghana CFTC Deficit Maxar Technologies

March ICE NY cocoa (CCH25) Tuesday closed down -89 (-0.81%), and March ICE London cocoa #7 (CAH25) closed down -83 (-0.96%).

Cocoa prices settled moderately lower on Tuesday as beneficial rain in West Africa increased soil moisture levels and benefited cocoa tree development.  Farmers in the Ivory Coast and Ghana report that recent rain has benefited their crops and led to the re-flowering of cocoa trees.

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