US cocoa futures bounced after hitting their lowest levels since early December Tuesday morning, while arabica coffee prices eased slightly, traders said. Arabica coffee for May delivery eased 0.30 cent to $1.1285 per lb by 9:30 am EST (1430 GMT). Early range from $1.1190 to $1.1320.
May volume at 1,518 lots. The rest down from 0.40 cent to 0.80 cent. Benchmark May cocoa up $20 at $2,376 per tonne by 9:36 am. May volume at 3,269 lots. Session range from $2,378 to $2,313, the lowest price level for a second-month position contract since December 10. The rest from down $1 to $24 firmer.