West African Weather Risks Underpin Cocoa Prices
September ICE NY cocoa (CCU26) on Tuesday closed up +65 (+1.14%), and September ICE London cocoa #7 (CAU26) closed up +43 (+1.02%). Cocoa prices extended their sharp three-week-long rally on Tuesday, posting 6-month highs. Cocoa prices have rallied sharply over the past three weeks as heavy rains in the Ivory Coast and Ghana have flooded…