N.Y Cocoa Futures settle higher on Monday

March Cocoa settled higher Monday at 2944 up 17. Chatter about global production deficits for 2015 is supporting a positive tone. However there has been no real change in cocoa's supply. Market talk indicates traders are looking ahead to Cocoa grinding reports coming this month, global demand concerns are making the rounds due to laggard expected growth in parts of Europe and all of Russia.