A Cocoa ETN Is Rallying on Dry Crop Conditions

by Trading & Investing | 02/14/2022, 17:23

Dry weather conditions in West Africa have helped the cocoa exchange traded note enjoy a sweet February. The Path Bloomberg Cocoa TR Sub-Index ETN (NYSEArca: NIB) has advanced 11.1% since the late January lows. The November through March months are typically the dry season in the Ivory Coast, the world’s largest exporter of cocoa beans, […] Read more at ETFtrends.com.

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