Cocoa Futures Little Lower, European Cocoa Grindings Fall

March New York Cocoa is trading at 2187, down 26 $/MT. May New York Cocoa is trading at 2177, down 18 $/MT. Cocoa futures are trading in the middle of the session range. Market chatter about global cocoa demand is making the rounds. The European Cocoa Association reported that European fourth quarter cocoa grindings fell 0.9 percent versus the fourth quarter of 2015. German fourth quarter cocoa grindings were down around 10 percent. North American fourth quarter cocoa grindings are due out Thursday at 4:00 p.m. ET. In other New York Soft commodities; March Coffee is trading at 149.50, up 0.20 cents/lb. March Sugar is trading at 20.61, up 0.09 cents/lb. March Cotton is trading 72.28, up 0.01 cents/lb. March Orange Juice is trading at 182.15, down 1.00 cents/lb.