Cocoa Has Friends In An Ag-Wide Downdraft
The fundamentals of cocoa are not changing day-to-day, but you might think so based on the frenetic trading in the iPath Bloomberg Cocoa SubTR ETN (NIB). Last week, NIB made another plunge toward an all-time low in the latest bout of selling that took NIB from $25.29 to as low as $21.70 (a 14.2% loss) … Read more