Wt Cocoa Discussion Threads

[mart] 08/11/2010 01:43

An interesting snippet on cocoa which I hadn't come across before.



"...
When Anthony Ward of hedge fund Armajaro, spent £650 million on 240,000 tonnes of cocoa beans this summer – after which the price of cocoa plummeted as Ward's fellow hedge fund managers bet against him – it seemed to confirm the belief hedge funds are now playing fast and loose in the commodities world, as they had in the subprime mortgage market years ago. Last month ETF Securities Cocoa fund was sitting at 18% down on its January price. ..."

[mart] 03/11/2010 12:22

Little light relief on the politics of cocoa!


Vice Prez Didn't Influence Lifting Of Ban On Armajaro – John Jinapor

[mart] 03/11/2010 11:08

I've still got hopes for a modest uplift in cocoa.

[mart] 27/10/2010 09:13

I'm still bullish on cocoa; must admit though the 'long-term' seasonal charts aren't as clear on this commodity as say corn, wheat or sugar.

[mart] 25/10/2010 11:46

Going well today.

[rocket mn] 23/10/2010 23:06

Well on a technical level, I saw a reversal in sentiment during the last week of September. Confirmation from the subsequent significant higher low convinced me to take a position last Monday.

As a technical trader I don't know the reasons for the change in sentiment, nor am I particularly interested.

All the best.

[mart] 22/10/2010 23:11

No, I know about the gearing. It's the quite dramatic reversal in 'general' sentiment that I'm wondering about.

[rocket mn] 22/10/2010 17:50

18 x gearing on that warrant probably explains it.

Dec futures chart for today:

[mart] 22/10/2010 13:13

Tried to get hold of some SH04 this morning. Failed miserably. They are now up 60%. Hey ho.

Make that 66%. B....y hell. Virtually no move in COCO or LCOC.
Can't see any particular news item. Anybody seen or heard anything particular?

[mart] 14/10/2010 11:18

NOT what I wanted to read!

[mart] 14/10/2010 09:59

Yesterdays rises: weaker dollar + worries over delivery from Ivory coast



Have taken a position.

[mart] 14/10/2010 09:32

From yesterday



"...The gain was partially driven by an announcement from the Indonesian Cocoa Association; the group said that the nation's output of cocoa beans would fall 9 percent to 500,000 metric tons this year. Originally, growers had hoped to boost last year's production of 550,000 tons to 600,000 tons, but the weather isn't cooperating..."

[rocket mn] 28/9/2010 11:52

Could be time to get in soon.....

[mart] 27/9/2010 13:01

This seasonal chart may be of help. I wonder if 2010 will conform.

[mart] 22/9/2010 10:38

Well, for better or worse taken a position with a leveraged play.

[mart] 17/9/2010 18:42

More up-to-date

"ICE Cocoa Edges Higher; Pares Early Gains"

[mart] 16/9/2010 12:59

Is the 'bottom in' for cocoa?