Cocoa little lower

Cocoa futures are trading a little lower Tuesday. July Cocoa is trading at 2766, down 14. May Cocoa is trading at 2772,down 7. 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 expected to be choppy around unchanged.