Hedge Fund Videos | 30+ Free Videos on Hedge Funds

Hedge Funds Cocoa Price

Hedge Funds Cocoa Price

Hedge Funds Up Bullish Cocoa Bets Amid Ivory Coast Troubles

Hedge funds monitor political situations as a factor in trading decisions and the turmoil in the Ivory Coast was no exception.  Hedge funds have increased bullish bets on the price of cocoa to a level not matched in seven months.  The disputed election last year is still being resolved and the political instability threatens cocoa supplies from the country.
Hedge funds are the most bullish on cocoa futures in almost seven months as political turmoil threatens supplies from Ivory Coast, the world’s biggest producer, and prices jumped to the highest since 1979.

In the week ended Feb. 15, hedge funds and money managers increased their net-long positions, or bets on rising prices, by 11 percent to 20,936 futures and options contracts, the highest since July, U.S. Commodity Futures Trading Commission data show. The holdings have more than doubled in the past month.
Alassane Ouattara, the internationally recognized winner of Ivory Coast’s Nov. 28 elections, told exporters to halt cocoa shipments until Feb. 23 in a bid to cut off funds to his rival. Prices surged to a 32-year high last week. The political stalemate entered its third month as Laurent Gbagbo, the incumbent president who has ruled for a decade, refused to cede power.  Source

Related to: Hedge Funds Cocoa Price

Tags: Hedge funds, hedge funds cocoa, hedge funds cocoa price, price of cocoa, hedge funds bet on cocoa, hedge funds cocoa bets

Link to This Resource: Hedge Funds Cocoa Price

http://richard-wilson.blogspot.com/2011/02/hedge-funds-cocoa-price.html
Redesign by HedgeCo Website Creation