Will Cocoa Price Ever Come Down?

Discussion in 'Commodity Futures' started by schizo, Mar 15, 2024.

  1. schizo

    schizo

    At this price, I'm afraid I won't be able to afford my favorite hot cocoa or a box of Godiva.

    upload_2024-3-15_9-55-53.png
     
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  2. hilmy83

    hilmy83

    so many blown accounts in that move. No way people are not fading this all the way up.
     
  3. S2007S

    S2007S

    Forget Godiva go with Russell Stovers
     
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  4. Picaso

    Picaso

    In general, the more expensive the chocolate, the less it's affected by the price of raw materials.

    Salaries and general inflation (and just people's willingness to keep buying overpriced chocolate, coffee, clothes, cars, houses...) probably have a larger effect on prices.

    But yes, it's a hell of a bull run. I thought of shorting the lights out of it at 6500, glad I didn't.

    Edit: again, as your friendly contrarian indicator, this is probably the top and now it will crash :D
     
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  5. %%
    I got some Hershey milk choc good stuff;
    WMT does not track that overpriced stuff in setting low chocolate prices LOL:D:D
    barchart .com has 100% buy on front month.
    But i like some short term trades , BETTER on SPY, sso, spxl,= ALSO 100% buy;
    barchart.com has 100% sell on spxs+ spxu, so if you short term trade those last 2, make 10O% suRE to sell it by end of day LOL.
    SCHW SAYS ON 3X ETFs ''not suitable all investors [edit most investors] '' lol + amen:D:D
     
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  6. One of the local natural foods stores had an incredible sale I ran into "by accident," on one of my favorite organic brands from Madagascar, Beyond Good, 92% with very complex flavors like a fine wine. Very high in polyphenols, I feel it in my brain within minutes, a bit of a buzz! It was less than half price. I kept going back every several days as they would restock, and I eventually cleaned it all out. I bought way over a hundred bars, so I should be good ... for at least a week or two! Also, so far an excellent organic cocoa powder made from all 3 major bean varieties at Trader Joes is still extremely reasonable, I just had a cup to keep me awake during some very sleepy Forex patterns.

    As El Nino is already showing distinct signs towards flipping to an ENSO neutral pattern and probably La Nina, some of the adverse weather factors affecting West African production should ameliorate in time. Very importantly, lately La Ninas have been lasting quite a bit longer than El Nino patterns.
     
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  7. schizo

    schizo

    Sooner or later, we will see a black market for these luxury items. :D

    upload_2024-3-15_11-59-48.png
     
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  8. S2007S

    S2007S



    I'm about to go to my local grocery store and buy anything and everything chocolate.
     
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  9. $$%%
    THAT\
    and i like that Kinder Granola + choc chip filled oat bars.
    All of those dealers track sales ;
    so cut[dilute,LOL] the choc chip high priced stuff with some better bars LOL.:D:D
    Reeces Peanut Butter Cups + Pop Tarts Fudge are good \
    but some of that tasty junk has like 72% RDA sugar for 2 pop tarts.
    So i try not to do 216% RDA for eating 6 pop tarts.
    And 16oz fresh canned pineapple, with %% added sugars about $1-2.00@pop top can \ varies with brand:caution::caution:
     
  10. Specterx

    Specterx

    Ags are boom-bust markets. Bad weather or supply upheaval will eventually pass, acreage will explode for the coming season(s) as farmers rush to cash in on the high prices, and those prices will eventually collapse back to the long term equilibrium.
     
    #10     Mar 15, 2024
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