Excerpt from: Financial Spread Betting Strategies
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| September 03, 2008 | | Cocoa prices falling in commodities trading | Financial spread betting strategy should take into account the effect that plentiful supplies can have on commodities trading. A good example is cocoa.
Right now, cocoa prices are falling in commodities trading because the supply of cocoa is so great right now. If supplies are restricted, on the other hand, then the prices rise as the commodity is in greater demand.
Bloomberg reports on cocoa prices in commodities trading:
Cocoa is falling on ``continued selling across the board of
commodities, particularly softs, a weakening in oil values plus
indications of upcoming plentiful supplies from the main Ivory
Coast crop resulting from heavy rains,'' Ryan Bennett, a trader
of the beans at Sucden (U.K.) Ltd., wrote in a report today. | | |
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