Most markets are higher this morning as risk-on sentiment dominates: Coffee, Cocoa, Palladium are showing impressive gains as we move into the afternoon trading session.
The leading indices are climbing up — Heating Oil up to $2.67, gaining 1.17%. Gold up to $1,932, gaining 0.47%.
Here are the biggest commodities gainers so far today.
+4.23%: commodity traders stay bullish as Arabica Coffee adds $7.3 or 4.23%
Today's session so far looks to be heading in the same direction — after closing the previous trading day at $172.6, Coffee is up to $179.9 per pound, which makes for a move of 4.23%/$7.3 today.
CME Palladium gains positive traction for a 5th successive day
This session seems to remain in the same lane for now — after closing the previous trading day at $1,409.3, the Palladium future is up to $1,440.5 per troy ounce, which makes for a move of 2.21%/$31.2 today.
Cocoa | +2.22% in mid-session
While in the midst of a 9 day downtrend, 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 $2,616, Cocoa is up to $2,674 per metric tonne, which makes for a move of 2.22%/$58 today.