Cocoa Surges Past 11,500 per Ton, Coffee Flying High Too
Cocoa above 11,500 per ton as of 10th December 2024
Holiday chocolate about to get more expensive? Cocoa and Coffee futures are hitting highs again. Someone, somewhere is making a lot of money off of the surges.
If you are a day trader trying to pursue these commodities you need deep pockets and conservative leverage (if at all). The reversals higher in Cocoa and Coffee futures since November have been fast and dangerous, even for the large players. The notion the market is overbought is logical, but it has also been fatal for short sellers.
