Against the current: Markets are down, yet Coffee, Sugar, Cocoa go up and make this list of top gainers.
The leading indices are slipping — Live Cattle slipping 0.61% and closing at $172.15. Corn trades at $529.5 after losing 0.66%.
This downslide might be related to financial indicators data published earlier as highly important Initial Jobless Claims data from United States beat analyst expectations of 235,000 with a reading of 261,000.
Markets are falling this session, but some commodities are registering gains. Take a look at today's positive market movers.
+5.12%: Softs traders focused on Arabica Coffee as it powers 5.12% higher
Consistent for now — after closing the previous trading day at $181.7, Coffee is up to $191 per pound, which makes for a move of 5.12%/$9.3 today.
+2.1%: bullish Cocoa runs out of steam at $3,160; currently at $3,156 per metric tonne
Today's session so far looks to be heading in the same direction — after closing the previous trading day at $3,091, CME Cocoa is up to $3,156 per metric tonne, which makes for a move of 2.1%/$65 today.
+4.21%: commodity traders stay bullish as the Sugar future adds $1.02 or 4.21%
After closing the previous trading day at $24.24, Sugar is up to $25.26 per pound, which makes for a move of 4.21%/$1.02 today.