2024-03-26 06:49:23 ET
It's not only Sonny the Cuckoo Bird, but traders these days cannot get enough chocolatey goodness. Supply shortages saw cocoa futures ( CC1:COM ) surge well past the $9,000 per ton level on Monday as a record rally that started in early 2023 shows no sign of letting up. In fact, cocoa beans are not only now more expensive than other popular commodities like copper, but recent returns also outpace popular investments like Nvidia ( NVDA ) and Bitcoin ( BTC-USD ) over the past month (+47%) and on a year-to-date basis (+130%)....
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A better return than Nvidia or Bitcoin? It's dark and delicious