June 18, 2013 10:21 am
Grain futures gained on Tuesday following the U.S. Department of Agricultures weekly crop progress report, published on Monday. Wheat gained for the first time in three days as rains delayed harvesting, which fell far behind last years pace. Corn emerged slower than last year and planted soybean crop was also less. On the Chicago Mercantile […]
Read moreJune 18, 2013 9:01 am
Copper dropped for a second day in a row as speculations arose Fed might scale back its Quantitative Easing program after the upcoming Federal Open Market Committee meeting. Demand outlook for the industrial metal is also looking grim as China, the worlds biggest consumer, is expected to have slowed down its economic growth. On the […]
Read moreJune 18, 2013 8:26 am
Natural gas gained for a second consecutive day as weather forecasting models indicated on Sunday above-normal temperatures throughout the next ten days. Gas prices tend to rise during the summer season as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is used for a quarter of the U.S. electricity […]
Read moreJune 18, 2013 8:02 am
Gold fell for a second day on Tuesday on speculation that Feds Quantitative Easing program might be scaled back after the upcoming FOMC meeting. Ben Bernankes statement is in investors focus to shed some light into the central banks future monetary policy direction. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreJune 18, 2013 7:27 am
Oil marked losses in the early European session on Tuesday. Investors remain cautious ahead of Ben Bernankes statement on Wednesday regarding the future direction of Feds Quantitative Easing. Geopolitical unrest in Syria is still spurring concern of spreading into neighbor oil producing countries, while election results in Iran limited oil prices as Hasan Rowhani is […]
Read moreJune 17, 2013 2:06 pm
WTI crude prices reached a new nine-month high level during the late European session on concern that unrest in Syria will spread to neighbor oil producing countries. Also, oil was supported by a halt in production at the Oseberg Field Center in the North Sea due to gas alarm and Morgan Stanley said today that […]
Read moreJune 17, 2013 1:20 pm
Soft futures were mixed on Thursday with cotton and cocoa marking daily losses, while sugar and arabica coffee gained. Sugar rebounded after prices fell to a three-year low of $0.1617 on Thursday as farmers in Brazil started to accelerate harvesting. Investors started buying sugar futures after bearish bets reached a record and the worlds top […]
Read moreJune 17, 2013 10:25 am
Copper gained on Monday, but remained limited amid speculation about the upcoming FOMC meeting and Ben Bernankes statement on the U.S. economy and the future of Feds Quantitative Easing program. On the Comex division of the New York Mercantile Exchange, copper futures for July delivery traded at $3.200 a pound at 10:03 GMT, down 0.06% […]
Read moreJune 17, 2013 9:14 am
Soybeans dropped on Monday as imports by China, the worlds biggest consumer, may be lower than the U.S. Department of Agricultures forecast. The agency projected on June 13 shipments will total 69 million metric tons in the 12 months starting October 1. According to Bloombergs survey China will import 63 million instead, which is one […]
Read moreJune 17, 2013 7:35 am
Gold prices remained overall unchanged in the early European session, awaiting Feds meeting this week, which would shed some light into the centrals bank s future intentions regarding its Quantitative Easing. Gold prices rose on Friday, following U.S. data that spurred inflation concerns. Core PPI both on annual and monthly basis for May met expectations […]
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