Looks like an attempted cocoa corner as British financier Anthony Ward buys 241K tons of beans...

|By:, SA News Editor

Looks like an attempted cocoa corner as British financier Anthony Ward buys 241K tons of beans in a £658M ($1B) trade - the biggest single cocoa trade in 14 years, for more than the entire supply of cocoa in Europe. Prices have more than doubled since 2007 to 33-year highs; September futures are diving in New York, -5.5%.