Against the current: Markets are down, yet Feeder Cattle, Cocoa, Cotton go up and make this list of top gainers.
Commodity markets are slipping — Gold trades at $1,629 after losing 1.27%. Natural Gas trades at $6.04 after losing 3.64%.
Amid the market gloom, United States Interest Rate came out at four, while a consensus of analysts was expecting four.
Markets are falling this session, but some commodities are registering gains. Take a look at today's positive market movers.
The Cocoa future | +0.38% in mid-session
CME Cocoa is on a 5 day bullish run gaining $107 (5.09%). This session seems to remain in the same lane for now — after closing the previous trading day at $2,385, Cocoa is up to $2,394 per metric tonne, which makes for a move of 0.38%/$9 today.
The Cotton future | +0.53% in mid-session
After closing the previous trading day at $78.64, Cotton is up to $79.06 per pound, which makes for a move of 0.53%/42 cents today.
CME Feeder Cattle | +0.17% in mid-session
While in the midst of a 7 day downtrend 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 $180, Feeder Cattle is up to $180.3 per pound, which makes for a move of 0.17%/30 cents today.