
July ICE NY cocoa (CCN25) today is up +299 (+3.13%), and July ICE London cocoa #7 (CAN25) is up +67 (+1.03%).
Cocoa prices are soaring today as today's -0.65% drop in the dollar index (DXY00) to a 3-1/4 year low has prompted strength in most commodities, including cocoa. Gains in London cocoa are muted today after the British pound (^GBPUSD) rallied to a 3-1/4 year high. The stronger pound weighs on cocoa that is priced in terms of sterling.