July 18, 2013 12:46 pm
Soft futures gained throughout Thursday with sugar hitting a one-week high, while arabica coffee advanced to the highest level since May 20. On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at $0.1628 per pound at 12:30 GMT, up 1.24% on the day. Prices held in range between days high at $0.1629, […]
Read moreJuly 18, 2013 11:41 am
Grain futures were mixed on Thursday with wheat advancing, while soybeans declined and corn hit a one-week low. On the Chicago Board of Trade, corn futures for September delivery traded at $5.3425 a bushel at 11:23 GMT, down 0.73% on the day. Prices held in range between days high at $5.3663 and low of $5.3313 […]
Read moreJuly 18, 2013 10:43 am
Copper swung between gains and losses on Thursday, extending this weeks decline following Ben Bernankes testimony to Congress on Wednesday. The Fed Chairman stated the U.S. economy currently needs Fed’s accommodative monetary policy in the foreseeable future and it can even be accelerated, if recovery slows its pace. However, he reinforced Fed’s view that Quantitative […]
Read moreJuly 18, 2013 8:42 am
Gold fell on Thursday as the dollar strengthened following Ben Bernankes testimony to Congress on Wednesday where he reinforced Feds view that Quantitative Easing is still expected to be tapered within the year and brought to an end by mid-2014, if the requirements are fulfilled. However, the Fed chief stated the U.S. economy currently needs […]
Read moreJuly 18, 2013 7:09 am
Oil remained steady in the early European session and traded near one-week high after Ben Bernanke said before Congress that the U.S. economy currently needs Feds accommodative monetary policy in the foreseeable future and it can even be accelerated, if recovery slows its pace. However, Quantitative Easing is still expected to be tapered within the […]
Read moreJuly 17, 2013 3:06 pm
The Energy Information Administration said in its weekly oil reserves report that U.S. Crude Oil Inventories fell more than analysts expected in the week ending July 12, extending the all-time record fall during the previous two weeks. However, an unexpectedly large increase in gasoline stockpiles during the peak of the U.S. driving season limited gains. […]
Read moreJuly 17, 2013 2:08 pm
Gold hit a new three-week on Wednesday following the release of Ben Bernankes remarks prior to his testimony to Congress. Negative U.S. data also weighed on the dollar, supporting gold. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 297.05 per troy ounce at 14:06 GMT, […]
Read moreJuly 17, 2013 1:19 pm
Soft futures traded higher on Wednesday with sugar and cotton trading slightly up on the day, while coffee and cocoa advanced more than 1.5%. On the NYSE Liffe in London, robusta coffee for September delivery hit a new daily high at $1 977 a ton at 13:13 GMT, up 1.59% on the day. Days low […]
Read moreJuly 17, 2013 11:57 am
Grain futures were steady on Wednesday following Tuesdays rally with wheat, soybeans and corn marking minor gains. On the Chicago Board of Trade, corn futures for September delivery traded at $5.4638 a bushel at 11:53 GMT, up 0.07% on the day. Prices held in range between days high and low of $5.4888 and $5.4438 respectively. […]
Read moreJuly 17, 2013 9:53 am
Copper fell on Wednesday as producers reported higher-than-expected output, spurring concern over ample supply. Stronger dollar also weighed on prices. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery hit a new daily low at $3.137 a pound at 9:15 GMT, down 1.54% on the day. Days high stood […]
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