December ICE NY cocoa (CCZ24) Friday closed up +210 (+2.79%), and December ICE London cocoa #7 (CAZ24) closed up +122 (+2.21%). Cocoa prices Friday extended this week’s sharp rally, with NY cocoa posting a 1-1/2 week high and London cocoa posting a 1-1/2 month high. Heavy rain in West Africa has caused flooding and kept cocoa farmers out of their fields, delaying harvest. Also, the heavy rain makes it harder to dry harvested beans, lowering their quality. Shrinking global cocoa stockpiles are also bullish for prices. ICE-monitored cocoa inventories held in US ports have been trending lower for…