Softs

Reuters – Cocoa falls on expectations for plenty of supplies

Posted 07/06/2017 2:16PM CTPeter Mooses

The New York market’s failure to reach $1,950, which “has been a magnet every month this year” provided pressure, said Peter Mooses, senior market strategist for RJO Futures in Chicago.

“Also, the big rain fall in key growing regions received, may be hurting the current crop, but (is) helping the long-term outlook which could lead to even higher production and lower prices,” Mooses said.

 

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Peter Mooses

Follow Peter on Twitter @PMoosesRJO. Peter's interest in trading began during a college internship with Bunge North America on the floor of the Chicago Board of Trade, where he assisted commodities traders and performed market research and analysis. Upon earning a B.A. in economics from the University of Iowa, Peter served as an analyst, transaction manager and team lead in the Global Trust Divisions for LaSalle Bank and Bank of America, where he managed transaction activity in multi-million dollar client fixed income and asset-backed securities portfolios. After years in the banking industry, it became apparent that Peter's real passion lies in futures trading. He joined RJO Futures because he enjoys the analytical aspects of futures trading and appreciates the economic impact that commodities have across all markets. Peter believes in utilizing market analysis and trends to help clients achieve balance between risk and return, while always keeping their investment objectives top of mind.