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March 10, 2023
Sugar gains 0.14%, putting it at the top of this list of commodities gainers.
Markets are currently flat. Corn trades at $612.25 after losing 1%. Natural Gas drawing back 1.85% to $2.5.
Current market events are being influenced by ambiguous macro data as highly important Initial Jobless Claims data from United States beat analyst expectations of 195,000 with a reading of 211,000.
Bearish Coffee mostly flat today, trading at $175.45
Today is looking a bit better: Coffee trades at $175.45 per pound, after ending yesterday at $175.05.
Running out of gas? ICE Sugar down to $21.12 (-0.14%)
Now turning against its recent performance, Sugar is down to $21.12 per pound, after ending yesterday at $21.15. Overall, a 0.14% loss or 3 cents today.
After six days of declines, Rough Rice is up 11 cents 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 $16.32, CME Rough Rice is up to $16.43 per cwt, which makes for a move of 0.67%/11 cents today.
