Markets were flat yesterday, yet Soybeans, Natural Gas, Feeder Cattle showed impressive gains and made this list of top gainers.
Markets did not have a clear cut direction — Corn closed at $495, a 6.34% change. Live Cattle gained 1.39% and closed at $176.93.
Current market events are being influenced by ambiguous macro data as United States Core PCE Price Index (YoY) (May) came out at 4.6, while a consensus of analysts was expecting 4.7.
Despite yesterday's flat session, several commodities are managing to post notable gains. Take a look at the market's Top Gainers:
+2.7%: bullish sentiment helps propel NYMEX Natural Gas to 2.7% gain
Yesterday's session pointed in the same direction — NYMEX Gas rallied 7.3 cents (2.7%) deep into the session, closing at $2.77 per MMBtu.
+2.03%: commodity traders stay bullish as the Feeder Cattle future adds $4.93 or 2.03%
Yesterday's session pointed in the same direction — CME Feeder Cattle surges 2.03% to close at $247.3 per pound yesterday.
CME Soybeans | Up 6.06% to $1,342.5 yesterday
CME Soybeans closed at $1,342.5 after it made its largest daily jump of $76.75 (6.06%) since May 22. After hitting an important low of $1,177.75 approximately 24 days ago, Soybeans has bounced back 7.47% since.