Cocoa Futures Move Up

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December New York Cocoa is trading at 2815, up 22 $/MT.

March New York Cocoa is trading at 2762, up 11 $/MT.

New York cocoa futures are trading choppy and just under the session highs after showing a lower trade early in the day. Market chatter about West African weather is constant. Talk about a possible global cocoa production surplus has led to some selling on rallies.