3 commodities set to close higher as equities stay flat

Despite the markets being mostly flat towards the end of today's trading session, Coffee, Cocoa, Palladium have end the day as top gainers.

Markets don't have a clear cut direction — Brent Crude Oil trades at $86.3 with no major change. Live Cattle slipping 0.17% and closing at $164.57.

Current market events are being influenced by ambiguous macro data as following a previous reading of 0%, Producer Price Index in United States released today at 12:30 UTC fell short of the 0.1% figure expected by analysts with an actual reading of -0.5%.

+3.61%: commodity traders stay bullish as ICE Coffee adds $6.8 or 3.61%

Today's session so far looks to be heading in the same direction — after closing the previous trading day at $188.5, Coffee is up to $195.3 per pound, which makes for a move of 3.61%/$6.8 today.

After six days of declines, Cocoa is up $53 today

Heading in the same direction for now — after closing the previous trading day at $2,866, CME Cocoa is up to $2,919 per metric tonne, which makes for a move of 1.85%/$53 today.

CME Palladium | +1.4%; session high: $1,517 session low: $1,511.5

The Palladium future is on a 4 day bullish run gaining $84.6 (7.48%). This session seems to remain in the same lane for now — the Palladium future goes up to $1,516.5 per troy ounce after dipping down to $1,511.5 earlier.