Cocoa for July delivery was rising 2.2% to $3,136 a metric ton.
NEW YORK (TheStreet) -- Cocoa was helping to lead commodities Thursday early afternoon on short covering -- extending gains from the past three days.
Natural gas for May delivery was gaining 2.3% to $4.234 per million British thermal units -- extending gains from the previous day -- after the EIA (Energy Information Administration) reported that inventory built up less than expected on a weekly basis.
(Published at 1:32 pm) Wheat futures were tumbling on weather forecasts, better Russian and Ukrainian wheat production levels and profit taking in commodities.
(Published at 10:42) The British pound was rallying against other major currencies Thursday morning on strong economic data.
U.S. Treasury notes were rising Thursday morning on negative economic news. The two-year note was rising 0/32, pushing the yield down to 0.730%, the ten-year note was adding 4/32, lowering the yield to 3.443% and the 30-year bond was advancing 6/32, pushing the yield down to 4.533%. The number of Americans filing new unemployment claims rose significantly more than expected last week, the Labor Department said early Thursday. Prices at the wholesale level ticked higher in March, as rising energy prices exerted pressure on finished goods prices.
A report from fixed-income technology firm BondDesk Group says that Treasury yields decreased substantially during the first half of March as investors sought shelter amid the dual crises of the Libyan military conflict and the tragedy in Japan. "During times of global financial distress, U.S. Treasuries are typically seen as a safe haven," the report said. But during the second half of the month, Treasury yields began to reverse themselves as the United Nations took over military operations in Libya and the scope of the damage in Japan was better understood, according to the BondDesk Group report. >>Search for Highest Dividends by Rate or Yield
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