US cocoa futures fell to contract lows Thursday for the second consecutive session, depressed by a continuation of managed-money liquidation and currency activity, traders said.
The New York Board of Trade's active cocoa contract for December delivery settled down $10 at $1,342 a tonne after penetrating a fresh contract low $1,337, or $14 under the contract floor of $1,351 posted on Wednesday.
It was the weakest closing price for a front-month delivery since August 17, according to NYBOT historical price data.
Among other cocoa futures, March slid $12 to end at $1,380, just $2 north of an earlier contract low of $1,378. Back-month deliveries finished down $9 to $10.