RJO FuturesCast

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Worries that the cocoa crop may be damaged by rain sent prices rallying, said Peter Mooses, senior market strategist of RJO Futures in Chicago. “But we’re still not seeing carryover from companies saying demand is any better,” Mooses said, referring to Nestle reporting slower sales growth.

 

Erratic monsoon rains in India, the world’s second-biggest sugar grower, caused flooding in some areas while others experienced a drought, caused indecisive trading, Mooses said. “They’re probably waiting to see if the areas will benefit or get hurt.”

 

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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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