US cocoa futures slid about 1 percent in pre-holiday trading Wednesday, with contract switches and currency-related activity making up the bulk of turnover, market sources said.
The New York Board of Trade's active March cocoa contract fell $16 to settle at $1,413 a tonne, after dealing from $1,406 to a new four-week high of $1,446. May cocoa shed $17 to end at $1,432.
NYBOT commodities markets will be closed on Thursday and Friday. Trading will resume at normal hours on Monday.