Commodities

November 17, 2023

Cocoa and OJ Futures Keep On Rolling

It was a slow day out there, so we’re back with everyone’s favorite topic: commodity futures. 🙃

At the end of August, we discussed cocoa futures following in orange juice futures’ footsteps and breaking out to new all-time highs. Since then, weather conditions and crop outlooks have not improved, causing prices to rise even further.

Today, both commodities made new all-time closing highs. It shows that although the overall inflation theme has flipped, several markets are still experiencing massive moves due to their own independent issues. 📈

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