Cocoa Futures Little Changed

May New York Cocoa is trading at 2044, up 3 $/MT. July New York Cocoa is trading at 2051, up 4 $/MT. New York Cocoa futures are trading steady after Thursday's move up. Street estimates for the Ivory Coast's 2016 to 2017 cocoa production are near 2 million tonnes, up 26 percent versus a year ago and 11 percent above the record high of 2014 to 2015.