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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Short covering pushes cocoa prices higher - What They Never Told You

Ice United States ICCO NY London Ghana Hershey Ivory Coast Mondelez

May ICE NY cocoa (CCK25) Wednesday closed up +94 (+1.17%), and May ICE London cocoa #7 (CAK25) closed up +52 (+0.90%).

Cocoa prices recovered from early losses on Wednesday and settled moderately higher as a weaker dollar (DXY00) sparked short covering in cocoa futures.  

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