Cocoa little changed

Cocoa futures are trading steady with little change Wednesday morning. July Cocoa is trading at 2944, up 1. September Cocoa is trading at 2929, unchanged. Market talk that Ghana's cocoa production may be less than 725,000 tonnes has been making the rounds and has been supportive. Chatter about high prices and estimates for more production ahead has brought some sellers in on rallies. Trading is rangebound.