Prospects for Additional Rain in West Africa Weigh on Cocoa Prices

July ICE NY cocoa (CCN25 ) today is down -27 (-0.26%), and July ICE London cocoa #7 (CAN25 ) is down -22 (-0.32%). Cocoa prices are under pressure today on the outlook for additional rainfall in West Africa, which is improving the prospects for the region’s cocoa crop. Weather forecasts…