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Barchart
Barchart
Rich Asplund

EXPLAINED: Short covering boosts cocoa prices for a second session | Vintage Vibes

May ICE NY cocoa (CCK25) today is up +363 (+4.12%), and May ICE London cocoa #7 (CAK25) is up +313 (+4.41%).

Cocoa prices today rebounded higher for a second session on some short-covering after the plunge seen on Monday and last Friday, which was driven by concern about cocoa demand and recent rain in the Ivory Coast and Ghana.

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