
December ICE NY cocoa (CCZ24) today is up +128 (+1.58%), and December ICE London cocoa #7 (CAZ24) is up +170 (+3.19%).
Cocoa prices today are moving higher but remain below Thursday's highs when NY cocoa posted a 2-week nearest-futures high and London cocoa posted a 1-month high. Tightness in cocoa supplies is pushing prices higher. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15 months and fell to a 15-year low Thursday of 2,135,872 bags.