CME Feeder Cattle slightly decreases 0.57% and stands on top of this list of commodities gainers.
Markets don't have a clear cut direction — Soybeans drawing back 2.67% to $1,340.25. Heating Oil trades at $2.48 after losing 3.16%.
This limbo state is reflected by published market data as new United States Initial Jobless Claims data fell short of the 260,000 projected by analysts with a reading of 264,000 while failing to improve upon the previous reading from last month (264,000).
Natural Gas | Currently steady around $2.6
Over the past 9 months, Natural Gas has retreated 73.17% from a noteworthy peak of $9.68.
+0.57%: commodity traders stay bullish as CME Feeder Cattle adds $1.3 or 0.57%
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $227.72, CME Feeder Cattle is up to $229.03 per pound, which makes for a move of 0.57%/$1.3 today.
Oats | +0.55% in mid-session
The Oats future is on a 15 day bullish run gaining $75.25 (23%). Heading in the same direction for now — after dipping down to $412, Oats regains earlier losses and reaches $414.25 per bushel.