Cocoa Futures Plunge to new Contract Lows

March New York Cocoa is trading at 2260, down 64 $/MT. May New York Cocoa is trading at 2257, down 62 $/MT. Cocoa futures have plunged to new nearby contracts lows during an active and choppy trading day. In other New York Soft commodities; March Coffee is trading at 141.25, down 0.40 cents/lb. March Sugar is trading at 19.46, down 0.17 cents/lb. March Cotton is trading 71.50, up 0.46 cents/lb. March Orange Juice is trading at 209.45, down 1.70 cents/lb.