US cocoa futures settled in negative territory Tuesday, pressured by fund and speculative selling outpacing trade-type buying in the face of a flagging dollar, market sources said.
The New York Board of Trade's active cocoa contract for July delivery lost $3 to end at $1,457 a tonne, just $2 above the bottom of a trading range from $1,455 to $1,474.
Back months finished $1 to $4 lower on the day, while spot-month May shed $3 to conclude at $1,447 a tonne.