Shrinking ICE Inventories Give Cocoa Prices a Boost
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September ICE NY cocoa (CCU24 ) today is up +418 (+5.75%), and July ICE London cocoa #7 (CAN24 ) is up +332 (+4.64%). Cocoa prices today are sharply higher, recovering most of Thursday’s sharp losses. The price movement in cocoa remains highly volatile, and little news can move prices dramatically….
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