Agricultural commodities showed mixed momentum in global trade on Wednesday, with sharp gains in orange juice and coffee, while cocoa extended its steep correction.
Orange juice emerged as the top gainer, surging 8.66% to 168.85, despite remaining down 17.95% over one month and 23.75% over six months. The move marks a strong rebound in the near term after sustained weakness.
Coffee advanced 1.77% to 299.20, though it remains under pressure across longer time frames, down 15.97% in one month and 24.08% in three months. On a one-year basis, coffee is lower by 19.52%.
On the downside, cocoa declined 4.09% to 3,984.00, continuing its sharp correction. The commodity is down 25.00% over one month, 32.34% in three months, and has fallen more than 50% over six months, reflecting heavy volatility.
Among grains, wheat rose 0.38% to 531.50, while oats gained 0.49% to 305.75. Corn remained flat at 428.75, with limited intraday movement.
In oilseeds, soybeans slipped marginally by 0.07% to 1,122.50, but remain up 5.62% over one month and 9.83% over six months. Soybean oil eased 0.03% to 57.23, though it continues to show strong medium-term gains of 15.24% over one month and 24.96% over one year.
Livestock contracts were largely steady, with live cattle down 0.06% and lean hogs slipping 0.09%.
Overall, the agriculture complex reflected selective buying in soft commodities, while cocoa remained under sustained pressure amid broader volatility.
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