Cocoa closed higher in range trading. Very little has changed fundamentally, and that could become a challenge for the bulls as the market needs news to keep the move higher intact.
Shipping is at the start of a two- year rally, led by advancing rates to haul coal, iron ore and grains, as fleet growth slows and China’s strengthening economy boosts cargoes, Morgan Stanley said.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
An investor bought $5.12 million in call options that will be profitable if the Chicago Board Options Exchange Volatility Index jumps at least 50 percent in the next four months.