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Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Cocoa prices supported by supply risks | History Defined

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December ICE NY cocoa (CCZ24) Friday closed down -79 (-0.91%), and December ICE London cocoa #7 (CAZ24) closed up +89 (+1.27%).

Cocoa prices Friday settled mixed, with London cocoa posting a 4-month high.  NY cocoa fell back from a 2-month high  Friday and turned lower on pre-weekend profit-taking following this week's sharp price run-up.  However, London cocoa held its gains after the British pound (^GBPUSD) fell to a 4-1/2 month low.  The weaker pound boosts cocoa that is priced in sterling.

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