NY Cocoa Steady In Early Trading

A little less supply helped Cocoa hold firm on Monday. Port arrivals as of December 28 are about 756,000 tonnes versus 890,000 tonnes last year at this time. Possible dry weather and some winds may hamper Ivory Coast production down the road. March cocoa is trading at $2969 in early trading, up 5. Traders should expect a range bound choppy pre-holiday trading session.