Cocoa

Discussion in 'Commodity Futures' started by vanzandt, Jun 17, 2020.

  1. vanzandt

    vanzandt

    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
     
    JesseJamesFinn1 likes this.