Like Water for Chocolate: Why Cocoa Remains Hot
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Barchart
Barchart
Softs sector markets have taken turns rallying over the last few years, with most of the moves tied to global weather.One of the latest to make a strong move is cocoa, with the majority of key growing areas seeing weather patterns reducing production.However, supply driven markets are usually short-term meaning the dynamics of the market change with the weather.I had a question come in late Friday about the high price of chocolate. My guess on how the scenario played out is my friend took his kids to the store to buy a last-minute Mother’s Day gift, something I also did back in the day, and ex…