This is very much in the same boat as Coffee - out of season, increasingly negative fundamentals, etc.. (Now, even cocoa brokers are entertaining each other tall tales, trying to pass the time and in an attempt to reinvigorate the business. Yeah, how could that not work?! ... ;-) A resumption of a UNYSE:D rally, at any point, will put a further lid on this one - much like on coffee. Looking down from here, there is a looong way to go, enough to catch vertigo. This has also been wicking here, something fierce, for some days now!