This is the money line i searched for;”Most of these contracts are “options” or “futures” giving a trader the right to buy these commodities at a certain price at a certain time in the future. What made yesterday’s trade so unusual was that the mystery buyer or buyers took physical delivery of the commodity. “
They will have to either contract to leave the beans where they are which is to say pay rent or move them,a daunting task since “would fill more than five Titanics.”
The cost of the purchase will be increased whether they leave them where they are or move them.
There's no chocolate manufacturer in the world that could or would do that, or it would have been done in the past. It's especially unusual in the depths of the biggest recession in 80 years.
Something else, something new, is afoot. I wonder if some drug maker has discovered proof of a really important new medication that is refined from cacao. Imagine if this is the secret ingredient for a silver bullet drug for cancer, AIDS, malaria, or hepatitis C? The profits from candy bars would be trifling by comparison.