Markets are mostly pointing down as we head into the end of today's session, but Cotton gains 2.35% to top this list of the 3 biggest gainers at the moment.
The commodities market is going down — Natural Gas slipping 8% and closing at $3.3. Soybeans drawing back 0.97% to $1,524.75.
This downslide might be related to financial indicators data published earlier as Producer Price Index in United States fell short of market expectations (-0.1%) with a reading of -0.5%, continuing the decline from the previous figure of 0.2%.
Markets are falling this session, but some commodities are registering gains. Take a look at today's positive market movers.
Arabica Coffee | +1.75%; session high: $156.05 session low: $151.5
This year has been a gloomy one for ICE Coffee after trading as high as $258.7 and going on to lose 9.14% of its value.
The Cotton future | +2.35%; session high: $86.3 session low: $82.86
The sentiment that generated 78 cents in cumulative gains over the past 3 days was further evident for ICE Cotton. As the session continues, it seems to maintain one direction — the Cotton future trades at $84.77 per pound after gaining $1.95 (2.35%).
+0.31%: bullish CME Rough Rice runs out of steam at $18; currently at $18 per cwt
After closing the previous trading day at $17.93, CME Rough Rice is up to $18 per cwt, which makes for a move of 0.31%/6.5 cents today.