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Just checked the commodity pits and there's some interesting movement happening across the board today. Wheat is catching bids with a solid 1.08% pop on CBOT, while corn's struggling a bit down 0.46%. Soybeans are mixed - the bean itself dropped 0.38% to $11.7875 per bushel, meal's off 1.03%, but oil's making a nice run up 2.47%.
The livestock complex is taking it on the chin - lean hogs down 0.25%, live cattle sliding 1.38%, and feeders off 1.03%. Over in the soft commodities, sugar's showing some strength with raw up 1.18% and white sugar climbing 1.41%. Coffee's the real story though - Arabica's getting hit hard down 2.38%, C coffee's off 2.55%, and Robusta's down 1.53%.
Cocoa's under pressure on both sides of the Atlantic. New York cocoa futures dropped 1.66% to $3,504 per ton, while london cocoa futures slid 1.84% as well. Meanwhile, rapeseed futures in Chicago gained 0.82% and cotton's up 1.06%. London cocoa weakness seems to be part of the broader softening we're seeing in the complex right now.