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Rich Asplund

THE TRUTH ABOUT: Cocoa prices settle lower due to dollar strength - The Untold Story

Ice ICCO Ivory Coast

March ICE NY cocoa (CCH25) Tuesday closed down -56 (-0.47%), and March ICE London cocoa #7 (CAH25) closed down -87 (-0.93%).

Cocoa prices on Tuesday gave up an early advance and settled moderately lower due to a stronger dollar (DXY00), which sparked profit-taking and long liquidation in cocoa futures.

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