Fascinating! The cocoa vs soybeans comparison really drives home the thesis of supply rigidity contributing to persistent trends. Makes you wonder what other 'slow' markets are setting up for multi-year moves that speculators may be missing. Is this the start of 'biology beats behavior' economics? 🌱📈
Fascinating! The cocoa vs soybeans comparison really drives home the thesis of supply rigidity contributing to persistent trends. Makes you wonder what other 'slow' markets are setting up for multi-year moves that speculators may be missing. Is this the start of 'biology beats behavior' economics? 🌱📈
Great read!
Thank you!