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Barchart
Barchart
Rich Asplund

FOUND: Cocoa prices slide as the dollar rallies - What They Never Told You

Ice London Cocoa NY Cocoa Ivory Coast London CFTC ICCO

March ICE NY cocoa (CCH25) today is down -329 (-3.01%), and March ICE London cocoa #7 (CAH25) is down -167 (-1.90%).

Cocoa prices today are sharply lower as a rally in the dollar index (DXY00) to a 2-year high sparked long liquidation pressure in cocoa futures.  Losses in London cocoa were limited today after the British pound (^GBPUSD) sank to a 14-month low, boosting cocoa that is priced in terms of sterling.

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