Cocoa Hits New 45-Year High

Cocoa futures hit a new 45-year high today and both Hershey (HSY) and Tootsie Roll (TR) are continuing to crash.

Since the end of May, cocoa futures are up by 24.06% causing HSY and TR to decline by 18.63% and 21.84% respectively!

Cocoa is up by 44.87% year-to-date and up by 58.55% over the last twelve months.