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Recently checked the commodity futures market, and there are some interesting changes. Chicago wheat futures rose by 1.08%, soybean oil futures surged even more, jumping 2.47%, but corn futures instead fell by 0.46%. Soybean futures are also declining, currently around $11.7875 per bushel, with soybean meal dropping a bit more, down 1.03%.
In the livestock sector, things are weaker, with pork futures, live cattle futures, and feeder cattle futures all declining, with significant drops. However, sugar futures performed well, with raw sugar up 1.18%, and white sugar rising even more, by 1.41%.
Interestingly, coffee futures collectively weakened today, with Arabica coffee down 2.38%, the "C" coffee futures falling more sharply by 2.55%, and Robusta coffee dropping 1.53%. Cocoa futures are also not optimistic, with New York cocoa down 1.66%, trading at $3,504 per ton, and London cocoa down 1.84%. Cotton futures and rapeseed futures saw small gains, with cotton up 1.06% and rapeseed rising 0.82%. Overall, commodity futures today show a mixed pattern of gains and losses.