June 17, 2013 9:14 am
Soybeans dropped on Monday as imports by China, the worlds biggest consumer, may be lower than the U.S. Department of Agricultures forecast. The agency projected on June 13 shipments will total 69 million metric tons in the 12 months starting October 1. According to Bloombergs survey China will import 63 million instead, which is one […]
Read moreJune 17, 2013 7:35 am
Gold prices remained overall unchanged in the early European session, awaiting Feds meeting this week, which would shed some light into the centrals bank s future intentions regarding its Quantitative Easing. Gold prices rose on Friday, following U.S. data that spurred inflation concerns. Core PPI both on annual and monthly basis for May met expectations […]
Read moreJune 17, 2013 7:04 am
Oil prices remained steady during the early European session on Monday as Middle East tension was offset by news about Irans president election and the lasting global demand concern. On the New York Mercantile Exchange, both WTI crude and Brent oil hovered near open prices. At 7:02 GMT crude oil futures for August delivery traded […]
Read moreJune 14, 2013 2:20 pm
Gold gained on Friday as U.S. data showed signs of rising inflation, boosting the precious metals appeal as a hedging strategy versus inflation. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded 0.74% higher on the day and stood at $1 388.05 at 14:13 GMT. The precious metal […]
Read moreJune 14, 2013 1:54 pm
Oil prices surged to nine-month high levels on Friday, supported by weaker dollar and concern over the war in Syria. The U.S. currency has been pressured throughout the week by its major counterparts, driving commodity prices up. The greenback remained fairly unchanged even after positive U.S. data on Thursday and somewhat controversial figures, published on […]
Read moreJune 14, 2013 1:03 pm
Soft futures were mixed on Friday with sugar, coffee and cotton on green side, while cocoa marked another day of losses. On the ICE Futures U.S. exchange, sugar futures for July delivery marked a new daily high at $0.1641 a pound at 13:00 GMT, up 1.17% on the day. The sweetener varied between daily high […]
Read moreJune 14, 2013 10:12 am
Grain futures were mixed on Friday with corn and soybeans marking daily gains, while wheat fell amid global ample supply forecast. Wheat futures have been under pressure as favorable weather conditions boosted developing prospects in different parts of the world. Harvests in the Black Sea region by Ukraine and Russia, Australia and Europe are expected […]
Read moreJune 14, 2013 8:12 am
Gold traded higher in the early hours of the European session on Friday, but investors remained overall bearish on the precious metal. On Thursday, following positive U.S. economic data, assets in the SPDR Gold Trust, the largest such trust, fell 0.6% to 1 003.54 metric tons, marking the biggest fall since May 21 and according […]
Read moreJune 14, 2013 6:54 am
Oil prices were slightly lower on Friday, but still remained near a three-week high level, following positive U.S. economic news, published on Friday. Data showed that the worlds biggest economy continues to move forward, supporting future oil demand and giving ground for speculations about earlier-than-expected Quantitative Easing scale back. Retail Sales for May exceeded expectations […]
Read moreJune 13, 2013 2:51 pm
U.S. Natural Gas Storage Indicator rose less than expected during the week ending June 7. Natural gas stockpiles jumped by 95 billion cubic feet to 2 347 billion according to the Energy Information Administration, compared to a 111 billion gain last week, when natural gas inventories reached at 2 252 billion cubic feet. During the […]
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