Against the current: Markets are down, yet Sugar, Cocoa, Feeder Cattle go up and make this list of top gainers.
The leading indices are currently lower — Gold drawing back 1.35% to $1,992.5. Natural Gas slipping 4.82% and closing at $2.25.
While price action maintains a negative bias, United States Building Permits (Mar) came out at 1.41 million, while a consensus of analysts was expecting 1.45 million.
Though markets had an unsatisfactory day yesterday, some commodities manage to recover as Top Gainers. Take a look:
Feeder Cattle | Currently steady around $211.57
While Feeder Cattle is on a 9 day bullish trend, Today's session might suggest a slow down — the Feeder Cattle future trades at $211.57 per pound, after ending yesterday at $211.5.
After nine days of declines, the Cocoa future is up $18 today
Consistent for now — after closing the previous trading day at $2,965, CME Cocoa is up to $2,983 per metric tonne, which makes for a move of 0.61%/$18 today.
ICE Sugar | +0.96% in mid-session
The sentiment that generated 64.0001 cents in cumulative gains over the past 4 days was further evident for the Sugar future. This session seems to remain in the same lane for now — after closing the previous trading day at $23.94, the Sugar future is up to $24.17 per pound, which makes for a move of 0.96%/23 cents today.