July ICE NY cocoa (CCN26 ) on Monday closed up +103 (+2.73%), and July ICE London cocoa #7 (CAN26 ) closed up +86 (+2.98%). Cocoa prices jumped to 1.5-week highs on Monday and settled sharply higher as dollar weakness sparked short covering. The dollar index ($DXY ) fell to a...Cacao by Allybally4b via Pixabay
Dollar Weakness Sparks Short-Covering in Cocoa Futures
Written on 06/15/2026