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June 21, 2023
The Corn future gains 2.47%, putting it at the top of this list of commodities gainers.
Markets are currently flat. Crude Oil up to $71.18, gaining 0.96%. Natural Gas trades at $2.51 with no major change.
Current market events are being influenced by ambiguous macro data as United States Building Permits (May) came out at 1.49 million, while a consensus of analysts was expecting 1.43 million.
+1.17%: commodity traders stay bullish as ICE Cotton adds 95 cents or 1.17%
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 $82.05, Cotton is up to $83 per pound, which makes for a move of 1.17%/95 cents today.
+2.47%: commodity traders stay bullish as Corn adds $14.75 or 2.47%
Heading in the same direction for now — after closing the previous trading day at $597.5, CME Corn is up to $612.25 per bushel, which makes for a move of 2.47%/$14.75 today.
CME Soybeans | +0.71% in mid-session
CME Soybeans is now trading 14% above the significant low ($1,177.75) it slumped to 14 days ago.
