December ICE NY cocoa (CCZ24) Friday closed up +39 (+0.55%), and December ICE London cocoa #7 (CAZ24) closed up +52 (+1.03%). Cocoa prices recovered from early losses on Friday and posted moderate gains as tighter cocoa stockpiles sparked short covering in cocoa futures. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15 months and fell to a 15-year low Friday of 2,036,770 bags. London cocoa also garnered support from weakness in the British pound ([^GBPUSD](https://www.barchart.com/forex/quotes/%5GBPUSD/overview)), which tumbled to a 3-week low Friday. T…