December ICE NY cocoa (CCZ24) today is up +20 (+0.27%), and December ICE London cocoa #7 (CAZ24) is up +27 (+0.46%). Cocoa prices today are modestly higher, with NY cocoa posting a 1-1/2 week high and London cocoa posting a 2-week high. Cocoa prices are seeing support from heavy rain in some areas of Africa’s cocoa-growing region, which has caused flooding, obstructed access to fields, and fostered cocoa disease. Shrinking global cocoa stockpiles are also bullish for prices. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 17 months and fell to a 19-year l…