Cocoa Markets Price in Global Weather Risks

July ICE NY cocoa (CCN26 ) on Wednesday closed up +2 (+0.05%), and July ICE London cocoa #7 (CAN26 ) closed up +5 (+0.16%). Cocoa prices climbed to 3-week highs on Wednesday and settled slightly higher. Cocoa markets are pricing in weather risks after an El Niño weather pattern was...