The Cocoa future drifts up 0.75% and stands on top of this list of commodities gainers.
Markets are currently flat. Gold drawing back 0.8% to $1,663.6. Heating Oil slipping 1.14% and closing at $4.05.
Current market events are being influenced by ambiguous macro data as highly important Crude Oil Inventories data from United States beat analyst expectations of 1.75 million with a reading of 9.88 million.
Though yesterday was a flat session for markets, some commodities are managing to increase in value. Take a look at our top gainers.
The Cocoa future | +0.75% at $2,403
After closing at $2,385 yesterday, Cocoa began today at $2,388 with significant bullish sentiment driving Cocoa's price action higher. So far today, price action has drawn out a distinct $2,387 to $2,406 range.
Live Cattle | +0.15% at $146.68
2 days ago CME Live Cattle reached a significant high of $148.35 but has consequently lost 1.28% since then.
Soybeans | Currently down 0.39% at $1,400
During a 4 day uptrend, CME Soybeans gained a total of $39.75, or 2.51%. Bucking the trend and turning lower, although the Soybeans future ended yesterday strong and rose from $1,405.5 to $1,410, it dropped back today and is now priced at $1,400 per bushel.