USAG - Cocoa Moves From The High To The Low End Of Its Trading Range
The cocoa market has been like a rollercoaster over the fourteen years. After reaching a low at $1315 per ton in late 2005, the price rallied to a high at $3385 in 2008 before selling took it back down to a higher low at $1867 in October 2008 as risk-off trading in all markets during the global financial crisis crushed the prices of almost all assets. Cocoa then moved steadily higher reaching an all-time peak at $3826 per ton in March 2011 and when the price turned lower, plunged to a higher bottom at $1898