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Rich Asplund

UNCOVERED: Cocoa settles mixed on long liquidation pressure | History Defined

Ice London NY ICCO Ghana

Dec ICE NY cocoa (CCZ23) on Monday closed -26 (-0.67%), and Dec ICE London cocoa #7 (CAZ23) closed +2 (+0.06%).

Cocoa prices Monday settled mixed, with London cocoa posting a new all-time high.  Cocoa prices gave up most of their gains Monday, with NY cocoa falling back from a 45-year nearest-futures high on long liquidation pressure.  Cocoa prices have risen more than +15% in the past three weeks.

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