The buzz about cocoa is starting to fade as new production from African nations is adding to already plentiful supplies.
Cocoa for December delivery fell 4 percent Wednesday to end at $2,399 per metric ton.
The price of cocoa rose nearly 6 percent last week as traders speculated that demand could improve because of signs that the U.S. economy may be getting healthier.
Now, there are reports of good production in the Ivory Coast and Nigeria. Traders are concerned about demand in financially troubled Europe, which is home to the largest number of chocolate consumers.
Other commodities are mostly lower after disappointing economic news from Europe outweighed a positive report on China's manufacturing sector.
Prices are lower for gold, industrial metals, oil, and corn. Wheat and soybeans are higher.
