
March ICE NY cocoa (CCH25) today is down -510 (-4.37%), and March ICE London cocoa #7 (CAH25) is down -123 (-1.35%).
Cocoa prices today are sharply lower as a rally in the dollar index (DXY00) to a 2-year high spurred long liquidation in cocoa futures. Losses in London cocoa were limited today after the British pound (^GBPUSD) tumbled to an 8-1/4 month low, boosting cocoa priced in terms of sterling.