Despite the markets being mostly flat towards the end of today's trading session, Cotton, Coffee, Crude Oil have end the day as top gainers.
Markets are mixed with Live Cattle up to $172.43, gaining 2.83%. Soybeans goes up 2.1%, trading at $1,327.
Current market events are being influenced by ambiguous macro data as data for United States Crude Oil Inventories published today at 15:00 UTC came out at 4.49 million, beating projections of -1.10 million and showing improvement over the preceding figure of -12.46 million.
WTI crude | +2.89%; session high: $71.07 session low: $67.51
11 months ago WTI crude oil reached a significant high of $122.09 but has consequently lost 44.23% since then.
Arabica Coffee | +2.94%; session high: $183.9 session low: $176.65
ICE Coffee reached a significant high of $243.4 around 9 months ago but has lost 26.6% since then.
+3.65%: bullish Cotton runs out of steam at $86.89; currently at $86.53 per pound
This session seems to remain in the same lane for now — ICE Cotton trades at $86.53 per pound after gaining $3.05 (3.65%).