Click on this video (above) to see more about the fundamentals which affect cocoa prices and how global ocean temperatures will affect tropical, soft commodities.

The charts below  global cocoa production through 2017. The arrows show years when lower production due to El Nino, a negative TSA, and negative Indian Dipole helped to rally cocoa production. The video above  discusses a lot more about this.

IF you have not already, you can subscribe to a two-week FREE trial of Weather Wealth here and learn how we caught the whole move up in the coffee market on the Brazil drought, the recent collapse in grain prices, and how to play cocoa futures in the months ahead.