September ICE NY cocoa (CCU24) today is down -85 (-1.04%), and September ICE London cocoa #7 (CAU24) is down -148 (-2.26%). Cocoa prices today are under pressure due to an improving outlook for the next cocoa season in West Africa. The end of the El Nino weather pattern, and a potential shift to a La Nina pattern is set to boost precipitation in the Ivory Coast and Ghana, which will boost soil moisture levels and increase cocoa yields. An increase in cocoa exports from Nigeria, the world’s fifth largest cocoa producer, is negative for prices. According to a document seen by Bloomberg on Monday…