Cocoa, Coffee Higher

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Cocoa futures are traded higher Thursday. May Cocoa ended the session at 2870, up 53. July Cocoa is settled at 2874, up 52. Chatter about outlooks for cocoa grinding data and tight supplies brought buyers in.Coffee futures traded higher and ended the session a little off the highs of the day. May Coffee was trading at 138.65, up 2.85. July Coffee is trading at 140.65, up 3.30. Market chatter about dry weather in the Asia growing region and uncertainty about southern hemisphere coffee production led to some buying.

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