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home / news releases / NIB - Searching For A Bottom In Cocoa


NIB - Searching For A Bottom In Cocoa

In a March 12 article on Seeking Alpha, I wrote, “The universal love of chocolate could make the price action in the cocoa futures market a lot less sensitive to the current risk-off environment. The current price correction could be another buying opportunity for the soft commodity.” On that day, nearby May cocoa futures on the Intercontinental Exchange traded in a range from $2492 to $2581 per ton. The price had dropped over $400 per ton from the early February high.

Commodity futures can be highly volatile. It is not unusual for

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Stock Information

Company Name: iPath Bloomberg Cocoa Subindex Total Return SM IndexETN
Stock Symbol: NIB
Market: NYSE

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