December ICE NY cocoa (CCZ25) on Thursday closed up +60 (+0.80%), and December ICE London cocoa #7 (CAZ25) closed up +26 (+0.50%).Cocoa prices settled higher Thursday for a second day, 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 ...

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 ...