September ICE NY cocoa (CCU24) Wednesday closed down -82 (-1.05%), and September ICE London cocoa #7 (CAU24) closed down -24 (-0.37%). Cocoa prices Wednesday gave up an early advance and settled moderately lower as long liquidation emerged after Marex Group said it expects a global 2024/25 cocoa surplus of 303,000 MT, the first year of surplus after three straight seasons of deficits. On Wednesday, cocoa prices initially moved higher, with NY cocoa posting a 1-1/2 week high and London cocoa climbing to a 1-week high. The price movement in cocoa remains highly volatile, and little news can move…