Cocoa Futures Plummet to New Contract Lows

March New York Cocoa is trading at 2117, down 92 $/MT. May New York Cocoa is trading at 2106, down 87 $/MT. Nearby New York cocoa futures are trading at new contract lows. Trading is very choppy. In other New York Soft commodities; March Coffee is trading at 148.10, up 0.40 cents/lb. March Sugar is trading at 20.51, up 0.03 cents/lb. March Cotton is trading 73.09, down 0.10 cents/lb. March Orange Juice is trading at 183.95, up 1.25 cents/lb.