Cocoa Little Changed

Cocoa futures are little changed Tuesday morning after Monday's decline. July Cocoa is trading at 2782, up 2. May Cocoa is trading at 2782, up 3. Market talk about Asian first quarter cocoa grindings due later this week has led to some selling in recent days. Market chatter about nearby tight supplies is beginning to emerge and has kept buyers active on declines. Trading is range-bound.