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September ICE NY cocoa (CCU24) today is up +140 (+1.82%), and September ICE London cocoa #7 (CAU24) is up +292 (+4.67%). Cocoa prices today are sharply higher as US cocoa supplies tighten. ICE-monitored cocoa inventories held in US ports fell to a 3-1/2 year low Wednesday of 3,161,3717 bags. Also, today’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 thin tradin…

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