Cocoa Meltdown

Cocoa meltdown: September Cocoa had its worst one-day loss of the year, as speculative selling was met with few buyers, allowing prices to plunge. Cocoa futures gained nearly $200 per ton the past three weeks on speculative buying tied to an increase in civil unrests in the Ivory Coast, as the country prepared for possible elections in October. As the world's leading Cocoa producer, traders fear any disruptions may hurt Cocoa shipments out of the country. Read More....