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FOX – Cocoa Falls To 10-Year Low Ahead of Demand Data

Posted 04/20/2017 7:18AM CT | Peter Mooses

“I didn’t think we’d see $1,800 this quick; every time you think it is coming back, it just ends up crashing on us,” said Peter Mooses, senior market strategist at RJO Futures.

Cocoa processing data out of North America, the second largest consumer of cocoa, will be released Thursday after the close. Mr. Mooses said estimates of how many tons of beans factories in North America have processed range widely from negative 2% to positive 2% year-over-year.

“We’re just deciding whether we’re staying in or getting out before the data,” he said.

To read the rest of the article, and see more of Peter’s comments, click here .

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Peter Mooses

Senior Market Strategist
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.
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