Biggest Cocoa Trade in More Than a Decade Rattles London Market;

ETJ

ETJ

Biggest Cocoa Trade in More Than a Decade Rattles London Market; Squeeze sent July futures to a 240 pound premium to September; Measure of cocoa supplies has fallen to lowest in four decades
Isis Almeida, Dayanne Sousa and Mumbi Gitau - Bloomberg
The biggest cocoa trade in more than a decade is rattling the London exchange, bringing back memories of when a hedge fund manager known as "Chocfinger" tried to corner the market. Two years of deficits have dramatically reduced stockpiles of the key chocolate ingredient, with a measure of supplies at its lowest in four decades. That's left traders vulnerable to a squeeze - when they're unable to find enough supplies to deliver to buyers as contracts expire, and are forced to buy back futures.
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I been shorting on way up, hedging, only time will tell if highs are in. Waiting for retracement on Nat Gas and Sugar to add to shorts. Don't know if stops will hold in OJ
 
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