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May 04, 2023
Cotton moves 2% and stands on top of this list of commodities gainers.
Markets are currently flat. Live Cattle trades at $161.82 after losing 0.66%. Brent Crude Oil up to $72.95, gaining 0.86%.
Current market events are being influenced by ambiguous macro data as United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was five.
After six days of declines, the Palladium future is up $24.2 today
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 $1,416.8, Palladium is up to $1,441 per troy ounce, which makes for a move of 1.71%/$24.2 today.
ICE Cotton continues an eight day positive streak and is up $1.57 to $80.33
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 $78.76, ICE Cotton is up to $80.33 per pound, which makes for a move of 2%/$1.57 today.
Oats | +1.13% in mid-session
CME Oats is now trading 2.48% above the significant low ($302.75) it slumped to 2 days ago.
