June 13, 2013 1:56 pm
Soft futures were mixed on Thursday with sugar,cotton and arabica coffee on the green side, while robusta coffee and cocoa marked losses. On the ICE Futures U.S. exchange, arabica coffee traded 0.80% higher on the day, standing at $1.2298 a pound at 13:41 GMT. Prices varied between daily low and high at $1.2148 and $1.2345 […]
Read moreJune 13, 2013 1:17 pm
Gold fell on Thursday as positive U.S. economic data spurred once again concern of an earlier than expected Quantitative Easing scale back. On the Comex division of the New York Mercantile Exchange, gold futures for July delivery lost 0.97% for the day, standing at $1 378.45 a troy ounce at 13:29 GMT. Prices varied between […]
Read moreJune 13, 2013 12:52 pm
U.S. grain futures were mixed on Thursday, but eventually marked losses following USDAs report. On the Chicago Mercantile Exchange, soybeans futures for July delivery traded at $15.3138 a bushel at 11:38 GMT, down 0.56% on the day. Prices ranged between days low at $15.2938 and high at $15.4350. Soybeans reached a seven-month high of $15.5850 […]
Read moreJune 13, 2013 9:57 am
Copper fell more than 1% on Thursday as World Banks downward revised projections for global economic growth outweighed earlier news the Grasberg mine is shutting down after Freeport-McMoRan Copper & Gold Inc. declared force majeure. On the Comex division of the New York Mercantile Exchange, copper futures for July delivery fell 1.11% for the day […]
Read moreJune 13, 2013 8:15 am
Gold fell on Thursday as uncertainty about Feds monetary stimulus keeps weighing on the precious metal. Key U.S. data for May is scheduled for publish today at 12:30 GMT. Retail Sales are expected to to have risen by 0.4% compared to last months 0.1% gain. Retail Sales Less Autos are also projected to have increased […]
Read moreJune 13, 2013 7:13 am
Oil prices plunged on Thursday amid concern of reduced global demand as the World Bank reduced its forecast for global economic growth. According to its report, the global economy will expand 2.2% this year, less than its previous projections of 2.4% in January. Gross Domestic Product in the European Union will contract by 0.6%, while […]
Read moreJune 12, 2013 2:58 pm
According to the U.S. Energy Information Administration, crude oil reserves rose against expectations during the week ending June 7. Crude Oil Inventories rose by 2.5 million barrels to 393.8 million, which is above the average range for this time of the year. Expectations were for a 1.5 million barrels decrease according to a Bloomberg survey. […]
Read moreJune 12, 2013 12:42 pm
The International Energy Agency projected demand for OPEC oil will decrease in the second half of the year as China shows signs of slowing economic growth. During the last week of May the IMF cut its economy growth forecast for China to 7.75%, down from 8%. The Organisation for Economic Co-operation and Development also trimmed […]
Read moreJune 12, 2013 11:44 am
Soft futures were mixed on Wednesday with arabica coffee and sugar marking daily gains, while cotton and cocoa fell. Robusta coffee tumbled to lowest level since 17 months in London as rainfall is expected to stop, which will favor harvesting in Indonesias main growing area. On the ICE Futures U.S. Exchange, arabica coffee for July […]
Read moreJune 12, 2013 9:17 am
Wheat dropped on Wednesday amid expectations for increased output in Australia, the world s fourth-biggest exporter. Favorable weather conditions are projected to boost production as rains moistened soils. On the Chicago Mercantile Exchange, wheat futures for July delivery fell 0.55% on the day and stood at $6.9238 a bushel at 8:54 GMT. Prices varied between […]
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