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A Sweet but Volatile Commodity ETN

Posted on 26 January 2016

Count cocoa exchange traded notes (ETNs) among the commodities exchange traded products that are struggling in the early stages of 2016. The iPath DJ-UBS Cocoa TR Sub-Index ETN is off nearly 13% over the past month and some market observers are forecasting increased volatility for the cocoa market.
Last year, cocoa was supported by supply concerns out of west Africa where three-quarters of the world’s cocoa is produced, and the potentially negative impact of the El Niño weather pattern, which typically brings dry conditions across the region, reports Emiko Terazono for the Financial Times………………………………………..Full Article: Source


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