Cocoa little lower

Cocoa futures are trading a little lower Thursday morning . July Cocoa is trading at 2775, down 7. Chatter that West Africa cocoa growing weather is better has led to some selling. Some chatter that Nigeria is having pest issues that may decrease production has led to some buying. The Nigerian cocoa association has estimated mid-crop cocoa production at 70,000 to 80,000 tonnes. Market chatter of improving global supplies down the road has kept sellers active on rallies.