This podcast episode explores the current state of the cocoa and copper markets, highlighting the supply issues and potential price explosions. The discussion delves into the factors affecting cocoa production, including declining exports from Ivory Coast and Ghana, weather conditions, and structural issues. It also analyzes the supply and demand dynamics of the cocoa market, emphasizing the potential shortage and significant price impact. The episode then shifts to the copper market, discussing the rising demand and limited supply growth, as well as the need for long positions to address the upcoming deficit. The speakers consider the potential price movements needed to balance the supply and demand of copper. Overall, this episode provides insights into the challenges and opportunities in trading cocoa and copper, and the unique characteristics of different commodities.
