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Market
Will Hershey receive CFTC approval to buy over 90,000 metric tons of cocoa by March 31, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from the CFTC or Hershey press release
Story
Hershey Seeks CFTC Approval to Buy Over 90,000 Metric Tons of Cocoa, Nine Times More Than Allowed, Amid Record Prices
Jan 8, 2025, 06:04 PM
Hershey is seeking approval from the U.S. Commodity Futures Trading Commission (CFTC) to purchase over 90,000 metric tons of cocoa on the ICE Futures exchange in New York. This request comes amid global cocoa shortages that have driven prices to record levels. The chocolate manufacturer aims to acquire nine times more cocoa than is typically allowed by the exchange, as the cocoa market is projected to experience another deficit.
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No • 50%
No decision by deadline • 25%
Merger rejected • 25%
Merger approved with conditions • 25%
Merger approved without conditions • 25%
Mondelez withdraws bid • 25%
Acquisition completed • 25%
Acquisition rejected • 25%
Negotiations ongoing • 25%
Successful acquisition • 25%
Failed acquisition • 25%
Ongoing negotiations • 25%
No attempt made • 25%
$35 billion to $40 billion • 25%
Below $35 billion • 25%
Above $45 billion • 25%
$40 billion to $45 billion • 25%
Mondelez outperforms Hershey • 25%
Other • 25%
Both perform equally • 25%
Hershey outperforms Mondelez • 25%