
May ICE NY cocoa (CCK23) on Wednesday closed up +27 (+0.86%), and May ICE London cocoa #7 (CAK23) closed down -1 (-0.04%).
Cocoa prices Wednesday settled mixed, with London cocoa falling to a 1-week low. A decline in the dollar index (DXY00) Wednesday to a 1-1/2 week low supported NY cocoa. However, a rally in the British pound (^GBPUSD) Wednesday to a 1-1/2 week high weighed on London cocoa as a stronger pound undercuts cocoa priced in terms of sterling.