
September ICE NY cocoa (CCU24) today is up +194 (+2.22%), and September ICE London cocoa #7 (CAU24) is up +16 (+0.25%).
Cocoa prices today are moving higher as a weaker dollar sparked some short covering in cocoa futures. However, a rally in the British pound (^GBPUSD) to a 1-week high today is limiting gains in London cocoa as the stronger pound undercuts cocoa priced in terms of sterling.