Articles by: Teodor Dimov

Wheat drops amid favorable crop conditions

Wheat for July delivery dropped 0,4% to $6,9075 a bushel on the Chicago Board of Trade, following a 5.5% slump in prices for the month. Prices are pressured by weather forecasts favorable for wheat cropping. Rains in central and eastern areas of the U.S. and in western Australia will be recharging soil moisture, which will […] Read more

Gold gains as dollar slides

Gold futures for August delivery were 0,5% up on the day on the Comex division of the New York Mercantile Exchange and traded at $1 386,25 a troy ounce, following a 0,8% surge earlier in the day. Golds gain was supported by the weakened dollar, which lost positions against the euro and the Japanese yen. […] Read more

Copper falls amid concern of China’s economy slowing down

Copper fell on the London Metal Exchange following the International Monetary Funds prediction Chinas economy will grow below forecasts. The Asian nations economy is poised to grow 7,75% according to the IMF, down from 8%. The Organisation for Economic Co-operation and Development also cut its forecast to 7,8% from 8%. China is the metal’s biggest […] Read more

Corn at a three-week high (updated)

Corn reached a three-week high as the report by the U.S. Department of Agriculture showed yesterday corn crop planting pace was slowed down due to excessive rains. Parts of Iowa, Missouri, Illinois and South Dakota had 15 centimeters of rain. Nevertheless, farmers made good progress last week. The front-month July corn contract reached a three-week […] Read more

Gold Gains Limited By U.S. Data

Gold kept on gaining and ended its second month of decline as lower prices lured investors, among which many central banks. On the Comex division of the New York Mercantile Exchange gold futures for August delivery were up 0,5% on the day and traded at $1 386,55. Russia and Kazakhstan have been diversifying assets by […] Read more

Oil Near One-Week High

U.S. crude stockpiles probably have decreased by 750 000 barrels last week as refineries have increased their output, spurred by increased demand before Memorial Day. The holiday marks the american peak driving season ending in September. The U.S. Crude Oil Inventories report, scheduled for release tomorrow by the Energy Information Administration, will bring some light […] Read more

Corn Gains Following Concerning Weather

Corn for December delivery surged to the highest level. A report of the U.S. Department of Agriculture, scheduled for today, may show wet weather has slowed the planting process in the preceding week. As of the week ending May 19 71% of the corn crop was planted, compared to 95% last year and which was […] Read more

WTI Crude Gaining Amid U.S. Data

WTI crude stopped its four-day declining streak and rose 0,5% to $94.55 a barrel on the New York Mercantile Exchange at 9:50 am London time.  Prices were under pressure following a statement by the U.A.E. Energy Minister that the global demand will stay relatively weak. Futures rebounded amid expectations that U.S. economic data scheduled for […] Read more