Cocoa Little Changed

Cocoa futures are little changed Monday. May Cocoa is trading at 2783, up 2. July Cocoa is trading at 2783. European and North American first quarter cocoa grindings totals are due this week. Market chatter about increased volatility is making the rounds. Chatter that West African mid-crop cocoa supplies are still uncertain and has kept trading range bound during recent sessions. Market talk that Ivory Coast port arrivals are still ahead of last year's levels has kept sellers active. Market talk of decreased Ghana cocoa output has been making the rounds and is considered somewhat supportive.