US Cocoa Futures - Sep 20 (CCU0)
$2240.
At the bottom of a 3 year channel too.
Demand is down, as per Hershey's, but what about this years harvest in Western Africa?
3/4 of all the worlds chocolate originates there.
If this is going on with cashews... what happens to cocoa?
https://www.reuters.com/article/us-...w-market-some-crops-left-to-rot-idUSKBN23J15R
Not my thing, but it might worth a look as a long play. fwiw
$2240.
At the bottom of a 3 year channel too.
Demand is down, as per Hershey's, but what about this years harvest in Western Africa?
3/4 of all the worlds chocolate originates there.
If this is going on with cashews... what happens to cocoa?
https://www.reuters.com/article/us-...w-market-some-crops-left-to-rot-idUSKBN23J15R
Not my thing, but it might worth a look as a long play. fwiw