Cocoa Ends On A High Note

Cocoa futures ended the day on a high note, with speculative and trade buying nearly wiping out the week's losses. Monday's steep losses may have finally exhausted the selling pressure that Cocoa has been under since mid-July. Thin pre-holiday trading coupled with a lack of origin selling allowed December Cocoa to trade over 1500 per ton. Speculative buying returned today, after December failed to take-out support at 1450. Read More....