Short Covering Lifts Cocoa Prices Higher Ahead of Holiday Weekend
26/5 18:44
July ICE NY cocoa (CCN26 ) on Friday closed up +29 (+0.77%), and July ICE London cocoa #7 (CAN26 ) closed up +10 (+0.45%). Cocoa prices recovered from 2.5-week lows on Friday and settled higher as short covering emerged ahead of the long holiday weekend, with markets in the US......