Cocoa Prices Recover on Short Covering
May ICE NY cocoa (CCK25 ) Wednesday closed up +692 (+8.92%), and May ICE London cocoa #7 (CAK25 ) closed up +356 (+6.20%). Cocoa prices recovered from early losses on Wednesday and rallied sharply as dollar weakness (DXY00 ) sparked short covering in cocoa futures. Cocoa prices Wednesday initially moved...
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