Cocoa Little Lower

New York Cocoa futures are trading a little lower during early Tuesday morning. September Cocoa is trading at 3267, down 11. Market talk that production in Ghana should recover to 900,000 tons versus this year's 750,000 tons has been making the rounds. Chatter about the Q2 cocoa grind data is making the rounds. European cocoa grind figures will be released on July 14 and North America on July 16.