Cocoa is moving up due to political unrest (bedlam) in the Ivory Coast, the world's largest Cocoa grower.
UN troops have pulled out of the western part of the country because it is unsafe. The west is where the cocoa plantations are.
Just a few bad bits of news from this region, and cocoa prices will soar, and long futures traders will make a mint.
I entered a Cocoa March contract a few nights ago, and it has just gone up and up. ABout 35 cents so far.
Softs are the place to be, just watch out for heightened volatilily in all the commodities markets at the moment.They are being driven by spec players looking for a good return with leveraged derivatives,like CFD's and Normal Futures.(Gee sounds like I am one of those spec players).
Potential to make a good dollar if you do your research first is great.
Read up Yellowcakes posts, informative and concise, as to what is happening in the Soft commodities markets.
