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 moreJune 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 moreJune 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 moreJune 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 moreJune 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 moreJune 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 moreJune 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 moreJune 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 moreJune 7, 2013 9:54 am
After plunging for three days in a row, copper prices rose on Friday amid broadly weaker dollar and supply concerns. The Grasberg mine in Indonesia will stay closed for three months due to an independent probe, following fatal accidents that recently occurred. A tunnel collapse on May 14 killed 28 workers and another one died […]
Read moreJune 7, 2013 8:17 am
Gold traders are most bullish since the start of the bear market two months ago, supported by weaker dollar and retreat from a five-year high in equities. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 409.95 a troy ounce at 7:52 GMT, marking a 0,41% […]
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