NYMEX Natural Gas gains 2.94%, putting it at the top of this list of commodities gainers.
Markets are currently flat. Corn drawing back 1.42% to $658. Heating Oil slipping 1.72% and closing at $3.55.
Current market events are being influenced by ambiguous macro data as United States Crude Oil Inventories published yesterday at 15:30 UTC came out at -5.4 million, falling short of the -440,000 projections and continuing its decline from the previous 3.92 million figure.
Though yesterday was a flat session for markets, some commodities are managing to increase in value. Take a look at our top gainers.
CME Feeder Cattle | Currently steady around $177.53
CME Cattle is on a 5 day downtrend Today is looking a bit better: Feeder Cattle is now trading at $177.53 per pound after tracing out a steady $177 – $178.25 range today.
Live Cattle | Currently steady around $151.88
The Livestock future is on a 7 day downtrend Today is looking a bit better: CME Live Cattle is now trading at $151.88 per pound after tracing out a steady $151.1 – $152.2 range today.
Natural Gas | +2.94% in mid-session
Having added to its 32.1 cents increase during 4 days of gains, This session seems to remain in the same lane for now — US Natural Gas trades at $6.38 per MMBtu after gaining 18.2 cents (2.94%).