Nasdaq 2,572.50 -15.49
SP500 1,215.65 -0.48
30-yrBond 2.9960% +0.0210
GLD 167.62 +0.52
SLV 31.40 +0.76
PTM 18.43 +0.04
XLE 68.15 -0.41
XLF 12.50 +0.04
VXX 46.89 -1.55
DUG 27.97 +0.29
TRX 2.50 +0.06
Cocoa's Woes Set to Dissolve, at Barrons.com describes near-term fundamentals. A few lines from the article:
Several factors have pushed down cocoa prices for the 2011-2012 crop year, which began in October. However, shrinking supplies and steady demand will be sending those prices higher next year. ...
Starting with the March 2012 contract, IntercontinentalExchange, or ICE, one of the main markets for cocoa trading, will implement higher standards for the cocoa traded on the exchange, limiting the amount of cocoa shells, dust and other debris from shipments.
Some investors have exited from the December contract, waiting for the guarantee of beans with less debris in the March contract, which is the next one after December.
No comments:
Post a Comment