Reuters - Cocoa falls on expectations for plenty of supplies

July 6, 2017 2:16PM CDT

The New York market's failure to reach $1,950, which "has been a magnet every month this year" provided pressure, said Peter Mooses, senior market strategist for RJO Futures in Chicago.

"Also, the big rain fall in key growing regions received, may be hurting the current crop, but (is) helping the long-term outlook which could lead to even higher production and lower prices," Mooses said.


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