Cocoa Lower

Cocoa futures are trading a little lower Tuesday morning. May Cocoa is trading at 2781, down 10. July Cocoa is trading at 2774, down 9. West African supply remains a focus. Market talk that cocoa arrivals to Ivory Coast ports for last week were near 13,000 tons, down as little from last year. Total arrivals since October 1 are up 49,000 tons from last year's levels.