September ICE NY cocoa (CCU24) today is down -44 (-0.50%), and September ICE London cocoa #7 (CAU24) is down -66 (-1.02%). Cocoa prices today are moderately lower as the outlook for the next cocoa season in West Africa has improved. The end of the El Nino weather pattern and a potential shift to a La Nina pattern should boost precipitation in the Ivory Coast and Ghana, boosting soil moisture levels and increasing cocoa yields and supplies. An increase in cocoa supplies from Cameroon, the world’s fifth-largest cocoa producer, is bearish for prices after Cameroon’s National Cocoa and Coffee Boar…