Cocoa closed lower on follow-through long liquidation by speculators. Supplies should be available. Ideas of very strong demand are supporting prices, and certified stocks keep dropping in New York.
Consumer confidence rose more than forecast in December to the highest level in five months, easing concern about household spending heading into the holiday- shopping season.
The Canadian dollar appreciated for the first time in five days, rising from a more than three-year low, amid speculation employment growth may suggest stronger economic improvement than the Bank of Canada indicated.
Three Wall Street trade groups say the CFTC's policy governing overseas trades is lacking in several areas.