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Market Impact: 0.25
Easing Supply Concerns Weigh on Cocoa Prices
Source: Nasdaq
Commodities & Raw MaterialsMarket Technicals & Flows
ICE NY December cocoa (CCZ26) is down 2.14% (-127) and ICE London September cocoa #7 (CAU26) is down 2.59% (-110) to a 1-week low. Prices are pressured by signs of adequate global cocoa supplies, which is weighing on the near-term outlook.
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mildly negative
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