December ICE NY cocoa (CCZ24) today is up +436 (+6.30%), and December ICE London cocoa #7 (CAZ24) is up +336 (+6.11%). Cocoa prices today rallied sharply as a decline in the dollar sparked short covering in cocoa futures. Also, comments today from the CEO of Barry Callebaut, one of the world’s largest chocolate producers, lifted cocoa prices when he said that while cocoa crops in West Africa are showing “significant improvement versus last year,” they are still not at levels seen in the 2022/23 season. On Wednesday, cocoa prices fell to 1-week lows after the dollar rallied to a 4-month high an…