Dollar Strength Knocks Cocoa Prices Lower

July ICE NY cocoa (CCN26 ) on Wednesday closed down -29 (-0.70%), and July ICE London cocoa #7 (CAN26 ) closed down -23 (-0.73%). Cocoa prices fell from 1.5-week highs on Wednesday and settled lower after the dollar index ($DXY ) recovered from early losses and moved higher, which spurred…