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The Dow Jones-UBS Cocoa Subindex Total ReturnSM is a sub-index of the Dow Jones-UBS Commodity Index Total ReturnSM and is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The Dow Jones-UBS Cocoa Subindex Total ReturnSM is a single-commodity sub-index currently consisting of one futures contract on the commodity of cocoa, which is included in the Dow Jones-UBS Commodity Index Total ReturnSM.
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Tuesday, Oct 87:24 AMRally in cocoa prices continues
Tuesday, Oct 87:24 AM| Comment!
- Cocoa prices set a 23-month high on production worries as an extended rally in the market shows little signs of ending.
- Macquarie estimates cocoa production will fall 173K metric tons below the level of consumption for the new season which just began this month. Heavy rains in Ghana and Ivory Coast are partially to blame.
- Related stocks: MDLZ, HSY, NSRGY.PK, ADM, BYCBF.PK
- Related ETFs: NIB
Wednesday, Oct 23:11 AMArcher Daniels Midland nears sale of cocoa operations
Wednesday, Oct 23:11 AM| 1 Comment
- Archer Daniels Midland (ADM) is reportedly close to selling its cocoa business to Cargill in a deal that could be worth up to $2B.
- The divestiture would further strengthen ADM's shift towards the grains industry as it completes its $3B acquisition of GrainCorp. The transaction would also reduce ADM's exposure to the lower profitability that's affecting the cocoa sector.
- The deal would create a global price-setting giant to rival Zurich-based Barry Callebaut (BYCBF.PK), the world's biggest producer of industrial chocolate products. Cargill and Barry Callebaut would account for over 50% of world capacity.
- Food producers that could be affected include MDLZ, HSY, RMCF, KRFT, NSRGY.PK.
- ETF: NIB
Friday, Sep 277:54 AMCocoa prices on the rise|Friday, Sep 277:54 AM| 1 Comment
Friday, Dec 92011, 3:46 PMThere's always a bear market somewhere. Cocoa prices plunge again, continuing a 9 month skid that's the worst run for the commodity in 50 years. At $2,067/ton, the price is 45% below the March peak when unrest in Ivory Coast got bad enough French troops had to be sent in. Buy (or in this case sell) on the cannons, they say. NIB -2.7%. |Friday, Dec 92011, 3:46 PM| Comment!
Tuesday, Dec 62011, 9:30 AMThe price of cocoa continues to fall back as chocolate manufacturers see demand in Europe wane with all the financial unrest. After hitting a 33-year high last year due to a supply disruption from political unrest in the Ivory Coast, prices have now retreated back 42% and look set to stay low with forecasts projecting that supplies will outpace demand for the next season. Cocoa futures -1.2%. |Tuesday, Dec 62011, 9:30 AM| Comment!
Monday, Apr 112011, 9:14 AM
Monday, Apr 42011, 2:11 PM
Friday, Mar 42011, 8:59 AMElevated food prices may be part of the new reality, says the IMF, as it will take years for farmers to meaningfully expand production. Rising demand reflects "structural changes in the global economy that will not be reversed." Putting corn into gas tanks isn't helping matters. |Friday, Mar 42011, 8:59 AM| 5 Comments
Tuesday, Feb 222011, 11:21 AM
Thursday, Feb 172011, 12:47 PM
Friday, Feb 42011, 9:31 AM
Thursday, Feb 32011, 12:41 PMThe only kind of high prices most find acceptable are for stocks and real estate. Jim Rogers makes the case that high commodity prices are absolutely necessary to ensure continued supplies. "Are the politicians going to work 12 hour days in the field for nothing?" |Thursday, Feb 32011, 12:41 PM| 6 Comments
Thursday, Feb 32011, 8:22 AM
Wednesday, Feb 22011, 11:31 AM“We are seeing a fundamental level of price inflation, higher than the 1980s and 1990s," says General Mills (GIS) CEO Ken Powell. As for food companies passing along higher costs, “you have to play all your other cards first," says Nestle (NSRGY.PK) CEO Paul Bulcke. |Wednesday, Feb 22011, 11:31 AM| 11 Comments
Monday, Jan 312011, 10:23 AM"Go long agriculture and water and go to the beach," says BlackRock CEO Larry Fink, "put those investments in the bottom drawer for 10 years." Noting Israel's recent gas discovery, Fink believes energy will be less profitable. "They're finding lots of ways to find new energy." PHO +0.9%. |Monday, Jan 312011, 10:23 AM| 9 Comments
Thursday, Jan 272011, 10:09 AMUnconcerned that China and India are tightening monetary policy, Jim Rogers sees commodities as a win/win investment. “If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the place to be because they are going to print more money." |Thursday, Jan 272011, 10:09 AM| 4 Comments
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