US cocoa futures ended in negative territory Wednesday, with producer selling and speculative profit-taking knocking the benchmark contract down from a 3-month peak, traders said.
The New York Board of Trade's cocoa contract for July delivery settled down $2 at $1,561 a tonne, having dealt from $1,547 to $1,578 - the loftiest trade since February 10. The September contract lost the same to conclude at $1,580 a tonne, while back months shed $1 to $2.