May 28, 2013 1:56 pm
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 moreMay 28, 2013 9:53 am
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 moreMay 28, 2013 9:05 am
Record shipments from Thailand and Mexico add to an already sufficient supply, which exceeds global demand. This causes a reverse in the two-year premium surge of refined sugar. According to estimates compiled by Bloomberg, Brazil, worlds number one exporter, will boost its supply to a record level. Thailand, ranked second, will increase shipments by 11% […]
Read moreMay 28, 2013 7:13 am
Spot gold fell 0,5% and traded at $1387,18 an ounce after prices rose yesterday, supported by increased demand from central banks. Russia and Kazakhstan have been diversifying assets by buying gold after its prices contracted by a record pace. The two countries have kept buying gold for a seventh straight month. Turkey is also on […]
Read moreMay 28, 2013 6:43 am
Oil prices fell for a fifth straight day amid U.A.E. forecast for a “relatively weak” global demand. WTI futures closed the week ending on May 24 with a 2% weekly drop. WTI for July delivery dropped 92 cents to $93.23 a barrel on the New York Mercantile Exchange in Asian trading. OPEC, which accounts for […]
Read moreMay 27, 2013 7:32 am
Russia and Kazakhstan have been diversifying assets by buying gold after its prices contracted by a record pace. The two countries have kept buying gold for a seventh month in a row with Russia expanding its holdings this year by 3,4%, following an 8,5% increase in 2012. Kazakhstan increased its reserves by 8,9% this year, […]
Read moreMay 27, 2013 6:37 am
WTI crude kept its declining pace for a fifth day, which is the longest run of declines this year, following concerning data about Chinas economy published last week. The Asian nations Advance Purchasing Managers Index hit a seven-month low value of 49,6 in May, compared to a final reading of 50,4 in April. This had […]
Read moreMay 23, 2013 2:50 pm
U.S. Natural Gas Storage Indicator increased less than expected in the week ending may 17 according to the Energy Information Administration. It rose to 2 053 billion cubic feet, up from 1 964 billion cubic feet the preceding week, but lower than the forecast of a 2 054 billion cubic feet. Natural gas stockpiles rose […]
Read moreMay 23, 2013 2:33 pm
WTI crude fell more than $2 and went below the 200-day moving average. The fall was triggered by Chinas factory activity decline, which was shown by the Advance Manufacturing Purchasing Managers’ Index, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator dropped to 49,6, which is a negative value as 50 is the […]
Read moreMay 23, 2013 12:05 pm
Soybeans reached a six-month high following signs of increased demand from China and concerns over U.S. crop. Soybeans futures for July delivery rose 0,1% for the day and traded at $14.9513 a bushel, following a 0,5% increase earlier in the day. On May 21 the Hamburg-based researcher Oil World said that Chinas soybean imports will […]
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