Amenities for Lovers | | journal-quotidien.com
The last time you ate a piece of chocolate, you were eating “the food of the gods”, which is the meaning of the Greek name for the cacao tree. However, it is believed that cacao was first cultivated by the Mayans, Aztecs and other Central American tribes and was used as a drink in religious ceremonies. It’s now a Valentine’s Day staple. Cocoa is packed with polyphenols, antioxidants, and minerals like magnesium, all with potential health benefits like lowering blood pressure.
Cocoa trees are grown in a belt around the globe near the equator, making the world dependent on a handful of tropical countries such as Ivory Coast and Ghana, the main cocoa producers. It is traditionally considered a volatile commodity since supplies are seasonal and most of it comes from a small region in Africa.
Cocoa has had a huge rally since December 1, gaining more than $400 a ton. Cocoa for March delivery was trading Friday at $2,770 a tonne.
A new USDA pilot program is being developed that will focus on financing the reduction of greenhouse gas emissions and/or carbon sequestration. Participating entities will be able to choose between one and five years to complete their projects. Funding pool applications may be due in April and May, so producers should stay alert to monitor the details.
Other liquid food products are also popular for their health benefits. Coffee, which has received its share of negative press over the decades, is backed by recent research that indicates it protects against type 2 diabetes, Parkinson’s disease, dementia and promotes heart health. Frozen orange juice futures responded higher to fears of COVID infections and pack a dose of vitamin C. March coffee hit $125.16 a tonne at Friday’s close.
Beans can, indeed, be a “magic fruit.” They’re a major part of the “blue zone” diet, which is high in protein, fiber, omega-6s, and nutrients that support healthy gut bacteria. People who live in “blue zone” areas tend to live much longer than those in the rest of the world. Costa Rica, Japan, Greece and California are some of these places. What they all have in common is a love of beans, and people there eat less sugar. March beans hit a new high of $16.32 a bushel on Thursday, then stabilized at $15.79 on Friday. Bean oil was trading at $65.25 a pound as of midday Friday.
Opinions are solely those of the author. Walt Breitinger is a commodity futures broker in Valparaiso, Ind. He can be reached at 800-411-3888 or indianafutures.com. This is not a solicitation of a market order to buy or sell.