Cocoa Futures Little Changed
September Cocoa is trading at 3038, down 3 $/MT.
December Cocoa is trading at 3060, up 1 $/MT.
Cocoa futures are trading steady after Tuesday's move up.
Market chatter about West African weather and cocoa growing conditions is making the rounds.
Market chatter that Nigeria's southeast growing region is showing high incidence of black pod disease is making the rounds. The president of the Cocoa Association of Nigeria said that rainfall in the region that produces 30 percent of the national production created wet conditions which causes the disease.
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