Cocoa set for weak finish today; down 0.56% to $3,000 per metric tonne with 13 minutes before close

Cocoa is down to $3,000 per metric tonne, after ending yesterday at $3,017. Overall, a 0.56% loss or $17 today.

Highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

Taking a look at other Softs commodities, negative performances are evident as Coffee is down to $180.85, losing $1.85, after closing at $182.7 in the preceding trading session.

Positive performances can be seen by looking at other Softs markets as Sugar gained 2.34% and is now trading at $25.41. Cotton is up 4.39% to $83.64.

Over the past 7 days, CME Cocoa has retreated 1.76% from a noteworthy peak of $3,071.