US benchmark cocoa futures sagged amid modest trading Wednesday, with the benchmark contract shedding about 0.1 percent as market players squared positions for the month's end, traders said.
The New York Board of Trade's active cocoa contract for December delivery eased $2 to settle at $1,404 a tonne, after trading within a narrow range from $1,396 to $1,415.
March lost $1 at $1,436 a tonne, and back month contracts slipped $5 to $6 on the day.