Hello Overnight, as Rachmaninov said, it is a no event IMO. Japan already buys most of its ag products in the US. What caught my attention on the other side is that PF crop tour came out with 163 bpa yield Vs USDA at 169. I am on vacation so I didn't go deeper but some spreads might be cheap...I don't konw for outrights.
Out @ 27. I closed it partly because I am in vacation in Alaska with limited access to internet, but I should simply stop trading cocoa. My results over years are terrible.
I'm glad I am not the only one. I opened a long future + protective put in the Z19 (but puts expired on 06-Sep) when CC fell to around 2350 in early Aug, cos I thought it was oversold. Of course, the commodity continued to fall and fall for a consecutive 15 odd days. I had to close out last Fri for a big loss. I think CC is a good trend following underlying, but it's not the trading technique that I have used much, so maybe I need to change my strategy on this.
09/24/2019 : Short HE Z/G/J fly @ -0.6. - Chinese delegation cancelled, Huge killing numbers in prevision of ASF demand. - V/Z and index in a black hole. -Seasonality.