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'Cocoa Could Double From Here' - Oil-Bull Andurand Gets Greedy On Chocolate

Summary by Zero Hedge
'Cocoa Could Double From Here' - Oil-Bull Andurand Gets Greedy On Chocolate Oil trader Pierre Andurand suffered record losses last year in the commodities world, though the money manager has so far crushed it on the cocoa trade.  Bloomberg reports Andurand opened a "small, long position" in cocoa futures in early March. Since then, prices have soared as much as 73%. People familiar with the trade did not specify where the famed oil trader opened…
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Zero Hedge broke the news in United States on Friday, April 5, 2024.
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