Cocoa Moves Higher

Cocoa futures are trading higher Wednesday. March Cocoa is trading at 2763, up 74. May Cocoa is trading at 2764, up 59. Traders are expecting choppy trading. Some market talk about the mid-crop harvest, which begins in six weeks or so, may be delayed. Chatter that dry weather impacts on crops during January might shift the supply-demand a bit towards a deficit is surfacing.