N.Y. Cocoa lower

Cocoa Futures are lower Wednesday morning. European and Asian demand have kept sellers active. March Cocoa is trading at 2724 down 19, May Cocoa is trading at 2727 down 19. Market talk about higher West African cocoa output as Ivory Coast arrivals have increased since the turn of the year. Chatter that Ghana's official purchases were lower by more 22% under 2014 in late December was seen as supportive.