Thread by @SquirrelMacro

1 day does not make a trend, but is this the start of the big one in Cocoa? The 🐿️has been 'cocoa curious' for a while and we have a hunch that we will be paying a lot more for our chocolate in years to come. We got back in on yesterday's break-out. $CC_F $NIB $CC #Cocoa 1/5

Cocoa is a fascinating market. Grown in very specific geographies where the wrong weather can be a big deal and where (until now?) the main growers have been getting a raw deal + RU/UK disruption to grain markets forces cash crop growers to pivot to subsistence crops.
2/5

Several top folk have been doing great work on Cocoa: With impeccable timing @pineconemacro's Chase produced a brilliant "Emerald" primer on the market about a month ago. Chase down a copy (see what I did there 😉); 3/5

@feridex11 Shawn Hackett at Hackett Financial Advisors has been tracking the weather (and Black pod disease) developments in West Africa closely over the past 6 months. He also sees smart money accumulation in the $CC futures; 4/5

Finally, Jacob @JacobShap and Rob of @CognitiveInvest have been on the case and discussed and written about Cocoa extensively (especially covering the fascinating geopolitical angles here). End.