News Formal

Cocoa whipsaws to close one of the wildest weeks market has seen

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Cocoa slid as much as 7.6% to $6 990 a metric ton in New York on Friday, before paring losses to trade 0.9% higher.

Cocoa futures whipsawed, while still on track for a nearly 30% weekly drop, as it wraps up one of the craziest stretches the market has ever seen.

The cash crunch is hitting the physical market by forcing traders to delay purchases from the top producers, Bloomberg reported this week. Buying more beans would require them to hedge their purchases in the futures market, just as bigger volatility means they need to put up more cash to cover margin calls.

It’s still on track for a 28% weekly drop, the largest in data to 1959.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 5. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Cocoa hits lowest in a month as wild price swings grip marketCocoa settled 16% lower at to $8 931 a ton in New York while London cocoa was down 16%.
Fonte: Moneyweb - 🏆 5. / 77 Leggi di più »