Cocoa futures fell for the third consecutive session Tuesday to a one-month low, depressed by speculative selling and spread trading in line with softer bean values in London, market sources said.
The New York Board of Trade's active cocoa contract for July delivery fell $14, or 0.9 percent, to settle at $1,501 a tonne, after trading from $1,498 to $1,522. It was the weakest settlement since April 24.
Among other cocoa deliveries, September shed $12 to conclude at $1,526 a tonne, and back months slid $11 to $12.
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