Cocoa Little Lower

Cocoa futures are trading steady to a little lower early Monday morning after Friday's choppy session. September Cocoa is trading at 3167, down 14. Trading is expected to remain choppy.

Market chatter about Asian demand and general global demand has kept both buyers and sellers active. Market talk about the worst decline in Chinese equities since 2007 is making the rounds. Market chatter about end of month positioning is just beginning to show up.