December ICE NY cocoa (CCZ24) Wednesday closed up +296 (+3.76%), and December ICE London cocoa #7 (CAZ24) closed up +260 (+4.16%). Cocoa prices today extended this week’s sharp rally, with NY cocoa posting a 7-week high and London cocoa posting a 3-month high. Adverse weather in West Africa is fueling this week’s surge in cocoa prices. Forecaster Maxar Technologies said parts of Ghana and Nigeria are experiencing dry and hot weather that could impact the cocoa mid-crop, which officially starts in April. Also, recent heavy rains in the Ivory Coast flooded fields, increasing disease risk and aff…