Despite the markets being mostly flat towards the end of today's trading session, Coffee, Cocoa, Corn have end the day as top gainers.
Markets don't have a clear cut direction — Soybeans trades at $1,519.25 with no major change. Gold trades sideways at $1,900.
This limbo state is reflected by published market data as United States Consumer Price Index came out at -0.1%, while a consensus of analysts was expecting 0%.
+4.07%: commodity traders stay bullish as Arabica Coffee adds $5.85 or 4.07%
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 $143.9, ICE Coffee is up to $149.75 per pound, which makes for a move of 4.07%/$5.85 today.
+0.42%: bullish CME Cocoa runs out of steam at $2,665; currently at $2,644 per metric tonne
After closing the previous trading day at $2,633, CME Cocoa is up to $2,644 per metric tonne, which makes for a move of 0.42%/$11 today.
Corn | Broadly flat at $672.25; session high: $673.5 session low: $649.25
Trading mostly sideways for a month.