December ICE NY cocoa (CCZ25) on Wednesday closed up +73 (+0.99%), and December ICE London cocoa #7 (CAZ25) closed up +68 (+1.33%).Cocoa prices moved higher on Wednesday, supported by weather concerns in West Africa.  Heavy rain in the Ivory Coast has kept farmers out of cocoa fields and reduced the movement of cocoa from plantations to ports.  Also, dryness in Ghana and Nigeria has damaged some crops, as cocoa pods have withered from a lack of precipitation. Don’t Miss a Day: From crude oil to coffee, si ...

December ICE NY cocoa (CCZ25) today is up +161 (+2.23%), and December ICE London cocoa #7 (CAZ25) is up +60 (+1.19%).Cocoa prices recovered from 1.5-month lows today and moved sharply higher after weather concerns in West Africa sparked short covering in cocoa futures.  Heavy rain in the Ivory Coast has kept farmers out of cocoa fields and reduced the movement of cocoa from plantations to ports.  Also, dryness in Ghana and Nigeria has damaged some crops, as cocoa pods have withered from a lack of precipitat ...