Cocoa Futures Erase Gains

September Cocoa is trading at 3099, down 11 $/MT. December Cocoa is trading at 3060, down 13 $/MT. Cocoa futures are trading choppy and lower on the session after showing a firm trade early on. Market chatter about global currency values and West African weather is ongoing. Market chatter about demand concerns at higher prices is showing up. European cocoa grinding data is due out on Thursday. In other New York Soft commodities; September Coffee is trading at 143.60, up 1.80 cents/lb. October Sugar is trading at 19.76, up 0.03 cents/lb. September Orange Juice is trading at 187.05, up 1.15 cents/lb. December Cotton is trading at 66.22, up 1.07 cents/lb.