NIB News and Press, iPath Bloomberg Cocoa Subindex Total Return SM IndexETN From 03/14/20

On Tuesday, March 10, the US Department of Agriculture released its March World Agricultural Supply and Demand Estimates report. The monthly WASDE is the gold-standard when it comes to fundamental data on grains and other agricultural markets. As we move into the spring season in the United St...

By Dimitry Dayen, CFA and Jeffrey Schulze, CFA In a flashback to the 2014 Thanksgiving massacre, the OPEC+ deal to further cut crude oil production was blocked last week by Russia, which refused to cut its own production significantly under an ultimatum from Saudi Arabia. Saudi Aramco init...

During risk-off periods in markets, the prices of all products tend to move lower. When price carnage hits markets, rationality takes a holiday. Fears over Coronavirus have led to quarantines, hoarding, and wholesale selling in markets across all asset classes. Cocoa beans are the primary in...

After nearly 12 years of a rising stock market, the Black Swan event (unforeseen major disruptive event) of the coronavirus is finally causing a panic in global markets. If you have never read this book, read it. You will find out why so many times people get greedy with huge returns in a ...

The cocoa futures market rose to its highest level since August 2016 during the week of February 10 when the price reached $2998 per ton on the nearby ICE futures contract. The price ran out of upside steam at just below the $3000 per ton level. Cocoa is the primary ingredient in the chocola...

On Tuesday, February 11, at noon EST, the US Department of Agriculture will release its second World Agricultural Supply and Demand Estimates report of the year. The February WASDE will set the state for the 2020 planting season, which commences in late March and April. The monthly WASDE rep...

In March 2011, when most commodity markets were moving towards highs, the price of cocoa futures on the Intercontinental Exchange rose to an all-time peak of $3826 per ton. Each quarter, the world adds approximately twenty million people to the global population. Over the past nine years, the ...

Investment Thesis The price of cocoa has declined by more than 30% and 15% in the past ten and five years respectively. While bad, this performance has been better than the Bloomberg Commodity Index, which has declined by 41% and 23% respectively. The decline in the price of the soft commo...

Agricultural prices have been highly volatile over the past few months due to many rumors surrounding the U.S-China mini-trade deal. As touted by Trump, the market expected significant purchasing of U.S. farm goods from China over the coming months. The deal was originally said to be worth $50...

The price of cocoa moved to just over $2850 per ton this week before pulling back. Cocoa beans are the primary ingredient in the chocolate confectionery products enjoyed by people all over the planet. Cocoa production thrives in tropical climates around the equator. Therefore, West Africa is t...