December ICE NY cocoa (CCZ24) on Monday closed up +147 (+2.17%), and December ICE London cocoa #7 (CAZ24) closed up +224 (+4.28%). Cocoa prices on Monday rallied sharply on short-covering from last week’s lows when NY cocoa posted an 8-month nearest-futures low and London cocoa posted a 3-week low. Cocoa prices also rallied on heavy rain in some areas of Africa’s cocoa-growing areas, making it difficult to access fields and fostering cocoa disease. Harvest pressures in the Ivory Coast are undercutting cocoa prices. Monday’s government data showed that Ivory Coast farmers shipped 284,633 MT of …