Lots More on the Parabolic Surge in Cocoa Prices
Odd Lots
00:00
Interpreting Cocoa Price Deviations
The speaker questions the impact of financial factors on cocoa prices, highlighting a significant deviation above the long-term average. They ponder whether the price surge primarily stems from financialization and margin calls rather than supply and demand. The speaker contemplates the extent to which speculation influences the actual price of cocoa at the supermarket, emphasizing the shift towards financial factors driving the rally since mid-January.
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