Cocoa Falls From Four-Year High as Rains Bolster Harvests in West Africa

(Bloomberg) -- Cocoa fell from a four-year high on
speculation that rains will swell harvests in Ivory Coast and
Ghana, the world's biggest producers.

The West African nations, which grow 70 percent of the
world's cocoa, may get thunderstorms during the next three days,
according to Meteorlogix LLC of Woburn, Massachusetts. Showers
and thunderstorms over the weekend cooled speculation that dry
weather would reduce the crop, said Jay Schukin, a trader with
Man Commodity Advisers in New York.


Read more at Bloomberg Commodities News