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June 30, 2023Despite the markets being mostly flat towards the end of today's trading session, Soybeans, Sugar, Natural Gas have end the day as top gainers.
Markets don't have a clear cut direction — Corn drawing back 6.34% to $495. Live Cattle goes up 1.39%, trading at $176.93.
Current market events are being influenced by ambiguous macro data as United States Core PCE Price Index (YoY) (May) released today at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7.
+3.3%: commodity traders stay bullish as US Natural Gas adds 8.9 cents or 3.3%
US Natural Gas rallies 8.9 cents (3.3%) deep into the session, trading at $2.79 per MMBtu.
+6.06%: the Soybeans future set for strong finish today; up 6.06% to $1,342.5 per bushel
The Soybeans future trades at $1,342.5 per bushel after gaining $76.75 (6.06%).
+3.35%: Softs traders focused on ICE Sugar as it powers 3.35% higher
After closing the previous trading day at $22.08, the ICE Sugar future is up to $22.82 per pound, which makes for a move of 3.35%/74 cents today.
