ICE cocoa futures rose on Friday, with May ICE NY cocoa up 84 points, or 2.66%, and May ICE London cocoa #7 up 56 points, or 2.37%. A weaker U.S. dollar triggered short covering, while the article also notes funds were excessively short in London cocoa, supporting prices through positioning-driven buying.
ICE cocoa futures rose on Friday, with May ICE NY cocoa up 84 points, or 2.66%, and May ICE London cocoa #7 up 56 points, or 2.37%. A weaker U.S. dollar triggered short covering, while the article also notes funds were excessively short in London cocoa, supporting prices through positioning-driven buying.
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mildly positive
Sentiment Score
0.20
