September ICE NY cocoa (CCU24) on Friday closed up +144 (+1.87%), and September ICE London cocoa #7 (CAU24) closed up +292 (+4.67%). Cocoa prices Friday closed higher on tighter US cocoa supplies. ICE-monitored cocoa inventories held in US ports fell to a 3-1/2 year low Wednesday of 3,161,3717 bags. Also, Friday’s slide in the dollar (DXY00) to a 3-week low supports most commodities, including cocoa. The price movement in cocoa remains highly volatile, and little news can move prices substantially. Large margin requirements have forced traders to reduce their cocoa positions, which leads to th…