Monday, June 04, 2007

Melted Chocolate

Cocoa futures continue to struggle, falling to 4-week lows in early trading this morning, as forecasters are calling for a smaller Cocoa deficit this season and a Cocoa surplus for the 2007-08 season. Current estimates are for a 130,000 ton surplus for the upcoming crop year, which should put a halt to the largest Cocoa rally in nearly 4 years. Read More....