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ICE US Review: bullish deficit report sees cocoa rise again

This article was originally published in The Public Ledger

COCOA contracts traded on the ICE Futures US platform finished higher Monday with some contracts establishing new 12-week highs during the session. Fresh speculative fund demand drove values upwards. Much of the fund buying was chart driven.

Some of the upward price momentum in cocoa was also linked to the bullish supply-and-demand information released during the past couple of weeks.

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