December ICE NY cocoa (CCZ24) today is up +236 (+3.13%), and December ICE London cocoa #7 (CAZ24) is up +148 (+2.68%). Cocoa prices today are sharply higher, 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 is also bullish for prices. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15 months and f…