Cocoa Settles Sharply Higher as Dry Weather Threatens the West African Mid-Crop

March ICE NY cocoa (CCH25 ) Wednesday closed up +363 (+4.02%), and March ICE London cocoa #7 (CAH25 ) closed up +198 (+2.68%). Cocoa prices Wednesday settled sharply higher and recovered most of Tuesday’s losses. Cocoa prices rallied Wednesday after weather forecaster Maxar Technologies said dry conditions in West Africa…