August 29, 2013 11:39 am
Grain futures edged lower during the European session on Thursday. Soybeans and corn remained fairly unchanged, while wheat made a moderate retreat amid ample global supply outlook. On the Chicago Board of Trade, corn futures for December delivery traded at $4.7913 per bushel at 11:36 GMT, down 0.27% on the day. Prices ranged between days […]
Read moreAugust 29, 2013 9:41 am
Natural gas rose on Thursday as weather forecasts turned to above-normal temperatures in most of the U.S., thus boosting demand for the power plant fuel. Market players eyed the upcoming weekly U.S. natural gas storage report by the Energy Information Administration at 14:30 GMT. On the New York Mercantile Exchange, natural gas for delivery in […]
Read moreAugust 29, 2013 9:23 am
Copper swung between gains and losses on Thursday as escalating tension in Syria which limited demand for riskier assets was weighed against the upcoming U.S. GDP data that might show the worlds biggest economy has expanded more than previously estimated in the second quarter. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreAugust 29, 2013 8:14 am
Gold fell for the first time in six days as a stronger greenback pushed dollar-denominated commodities down amid expectations that Thursdays U.S. data will back the case that the Federal Reserve will begin tapering its monetary easing program in September. The metals relative strength index suggested that prices are poised to decline. On the Comex […]
Read moreAugust 29, 2013 7:09 am
Both WTI and Brent benchmarks retreated from yesterdays multi-month highs as the Energy Information Administration reported that U.S. crude stockpiles gained for the first time in August last week. Possible U.S. intervention in the Syrian civil war continued to underpin the market as investors awaited the outcome of the U.N. probe in the areas of […]
Read moreAugust 28, 2013 2:54 pm
Oil prices held their gains despite easing from multi-month highs after the Energy Information Administration reported in its weekly published data that U.S. crude oil reserves gained more than analysts expected in the week ending August 23. Gasoline and distillate fuel stockpiles however declined. Refineries operated at a higher rate and crude production rose to […]
Read moreAugust 28, 2013 2:30 pm
Gold rebounded back to positive territory in the late European session following the release of unexpectedly downbeat U.S. pending home sales, which, coupled with last weeks disappointing new homes sales, eased concern that the Federal Reserve will begin tapering its monetary program in as early as September. A U.S. mortgage application activity index also marked […]
Read moreAugust 28, 2013 10:56 am
Copper fell to the lowest since August 22 as a stronger dollar pushed dollar-priced commodities down. Escalating geopolitical tension weighed on demand for riskier assets as investors sought safe haven security. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell to $3.312 per pound at 10:55 GMT, […]
Read moreAugust 28, 2013 9:06 am
Grain futures rebounded from yesterdays losses and advanced for a third day in four as outlook for hot and dry weather threatened to trim yields. On the Chicago Board of Trade, corn futures for delivery in December traded at $4.9088 per bushel at 9:03 GMT, up 0.92% on the day. Prices ranged between days high […]
Read moreAugust 28, 2013 8:13 am
Gold rose to a 3 1/2-month high on Wednesday as safe-haven buying continued to underpin the market following the escalating tension in Syria. Silver and platinum extended gains, while palladium fell. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 426.00 per troy ounce at 8:13 […]
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