Did Someone Just Corner the Cocoa Market?

[thriftyandboringinohio]

This report says someone spent $1 Billion on cocoa futures.

http://www.telegraph.co.uk/finance/m...pes-cocoa.html

[bagginz]

Re: Did Someone Just Corner the Cocoa Market?

This guy apparently:

"Hedge fund manager Anthony Ward has cornered a large piece of the world's cocoa market after buying 240,000 tonnes of cocoa beans, reports suggest.
The £650m ($992m) investment buys Mr Ward enough cocoa to make more than five billion small chocolate bars, the reports say."


http://www.bbc.co.uk/news/business-10682433

[Kimmons]

Re: Did Someone Just Corner the Cocoa Market?

Thanks for posting those links, that was interesting.