Cocoa Little Lower

July Cocoa is trading at 3126, down 27. September Cocoa is trading at 3110, down 27.

N.Y. Cocoa futures are trading a little lower Tuesday morning. Some market talk about end users backing away from current prices has led to some selling.

Chatter that positioning before the end of the month may lead to choppy trading and possible wide ranges has been making the rounds. Market chatter about tight supplies in West Africa continues to bring in buyers on dips.