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WTI erased earlier drops, remains lower on the day

June 10, 2013 3:05 pm
West Texas Intermediate was pressured today by negative China economic data that was published during the weekend. Prices found some support by U.S. data on Friday and conflict in Sudan that could cut off crude supply from South Sudan. On the New York Mercantile Exchange, WTI crude for July delivery traded at $95.84 a barrel […] Read more

Soft futures mixed

June 10, 2013 1:08 pm
Coffee futures rebounded after dropping earlier as the harvest in Brazil accelerated amid favorable conditions and weaker local currency gave producers competitive advantage on the markets. On the ICE Futures U.S. Exchange, Arabica coffee for July delivery erased earlier losses and traded at $1.2720 a bushel at 13:01 GMT, up 0.61% on the day. Prices […] Read more

Corn drops amid favorable weather conditions

June 10, 2013 9:40 am
Corn fell for the first time in three sessions as drier weather in the U.S. is expected to support planting, following the record wettest three months in Iowa, the biggest U.S. grower, which delayed planting. On the Chicago Mercantile Exchange, corn futures for July delivery fell 0.67% on the day and traded at $6.6113 a […] Read more

Copper falls for a third day amid weak China data

June 10, 2013 9:06 am
Copper declined for a third straight day after negative Chinese economic data was published during the weekend and speculation about premature Quantitative Easing scale back in the U.S. was spurred following positive U.S. labor figures. On the Comex division of the New York Mercantile Exchange, copper for July delivery dropped 1.11% on the day and […] Read more

Oil remains high and steady on U.S. data and Sudan oil threat

June 10, 2013 7:52 am
WTI crude and Brent oil were slightly down on Monday, but still near two-week highs as U.S. labor figures published by the Bureau of Labor Statistics on Friday offset disappointing China data during the weekend. The U.S. economy has created more jobs than expected, although the unemployment rate also rose by 0.1%. Change in Non-Farm […] Read more

Gold gains following China data

June 10, 2013 6:58 am
Gold traded overall higher on Monday, offsetting some of last weeks declines after the Bureau of Labor Statistics reported the U.S. economy has created more jobs than expected, although the unemployment rate also rose by 0.1%. This spurred concern about a premature scale back of Feds Quantitative Easing program, which caused gold to drop 2.2% […] Read more

Gold sinks following U.S. labor data

June 7, 2013 2:10 pm
Gold fell below $1 390 a troy ounce after key U.S. labor data was published at 12:30 GMT. According to the Bureau of Labor Statistics, the Change in Non-Farm Payrolls indicator rose to 175 000, 12 000 more than the 163 000 projection and significantly above the revised 149 000 value for April. The Unemployment […] Read more

WTI erases U.S. labor data drop and heads towards weekly gain (Updated)

June 7, 2013 1:39 pm
WTI crude is headed for a first weekly gain since four weeks after Crude Oil Inventories surprisingly contracted this week and employment rose more than projected in the worlds biggest economy. According to the Bureau of Labor Statistics, the Change in Non-Farm Payrolls indicator rose to 175 000, 12 000 more than the 163 000 […] Read more

Brazil coffee harvest accelerates

June 7, 2013 12:32 pm
Coffee harvest in the worlds biggest producer and exporter, Brazil, is going to pick up the pace after it stalled due to unfavorable wet weather. According to a Somar Meteoroligia report, growing areas will get dry weather for a long period after June 5, following substantial rain in the beginning of the month. Brazil is […] Read more

Soybeans en route to a best week in four years

June 7, 2013 10:46 am
Soybeans continued to gain for a sixth straight week, the longest such streak in four years, amid increased demand, which drained inventories of last years crop. On the Chicago Mercantile Exchange, soybeans futures for July delivery gained 0.55% on the day and traded at $15.3638 a bushel at 10:17 GMT. According to the U.S. Department […] Read more