US cocoa futures eked out modest gains Thursday, retracing most of the day's advance after an early speculative buying rally fizzled out, market sources said. The New York Board of Trade's active cocoa contract for July delivery settled up $3 at $1,476 a tonne, after trading from $1,469 to $1,502 - the loftiest since May 24.
September cocoa advanced the same to conclude at $1,508 a tonne, and longer-dated contracts gained $3 to $4.