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Stock impact report

Cocoa Set for Best Month on Record as Bean Shortages Fuel Rally [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
(Bloomberg) -- Cocoa retreated in New York, but was still on course for its biggest monthly gain on record as chocolate manufacturers rush to secure beans. Most Read from Bloomberg London Insurers Face Baltimore Bridge Payouts Worth Billions Dubai Is Losing Its Allure for Wealthy Russians Biden Gains Ground Against Trump in Six Key States, Poll Shows China Property Crisis Is Rippling Through Its Biggest Banks UBS Banker's Frustration Exposes Cracks in World of Climate Finance Futures are on track to close with a gain of more than 60% this month, after the latest surge pushed prices above $10,000 a metric ton for the first time on Tuesday. Prices have more than doubled this year. Markets have been choppy since reaching the peak amid profit-taking from traders. “The trend has been funds liquidating to take prices lower as they take profits. And then industry buying at the lows of the day, jacking prices back up,” said Vladimir Zientek, a trading associate at financial Show less Read more
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