date:Oct 27, 2018
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Every one of the published grinds were a little bit stronger than I thought, Parkman said. The reason why I was less optimistic about the grinds is because the base numbers had already jumped last year.
Benchmark cocoa futures for December delivery jumped as much as 1.7% in London on Friday. In New York, prices rose as much as 1.8% to $2 183 a metric ton.
While demand remains strong, speculators are holding large bets on falling prices as bean deliveries to ports suggest a large crop