@icooperTrades Ivory coast cocoa production estimate reduced down significantly plus drought, El Nino and limited rain all are acting for a short squeeze setup.
@Arbaz1525257@rohlfs_werner Shipments from Brazil to the US do not require crossing Hormuz or even going to the EU... True for Asia but as you have seen Iran has allowed (some) shipments to pass through the Hormuz and the situation will get better for the non-US-related goods
@Arbaz1525257@rohlfs_werner Brazilian farmers are not selling the beans in the hope of better prices due to conflict, causing temporary shortages in shipments
@kpak82 I think reverse rally is about to start- some big players know what is coming now, hence they are selling to create panic and reverse long- my theory, it is not a technical analysis
@icooperTrades If oil drops then Gold can get a really good bounce from here - plus any comment from Trump on winding down the Iran war would benefit gold and equities.