Commodities News

Grain futures mixed, corn hits a 35-month low on record crop outlook

Grain futures were mixed on Monday with corn and soybeans marking new record lows, while wheat advanced for a sixth day out of seven. On the Chicago Board of Trade, corn futures for September delivery traded at $4.7338 a bushel at 9:21 GMT, down 0.47% on the day. The grain hit a new 35-month low […] Read more

Copper slightly up on China data

Copper advanced on Monday as a stabilizing services sector in worlds top consumer China defied the countrys economic slowdown as new business orders recovered from a multi-year low. A separate private survey showed services PMI remained unchanged from June, above the neutral level. On the Comex division of the New York Mercantile Exchange, copper futures […] Read more

Gold gains for a second day on QE outlook

Gold rose during early European trading on Monday as disappointing payroll data on Friday spurred speculation Fed will hold back from tapering its monetary easing program for some time as the labor market remains frail. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 313.85 per […] Read more

Oil rallies on China data, supply disruptions

Both West Texas Intermediate and Brent benchmarks surged in early European trade on Monday as an expanding services sector in China and persisting supply disruptions in North Africa and the Middle East supported prices. Gains however remained limited as the U.S. Department of Labor reported on Friday the worlds biggest economy created less jobs than […] Read more

Natural gas extends losses on mild weather forecasts

Natural gas swung between gains and losses on Friday and traded lower during the early U.S. session as weather forecasts kept predicting mild weather up to mid-August. Most of analysts surveyed in a Bloomberg poll expected prices to continue declining next week. On the New York Mercantile Exchange, natural gas for September delivery traded at […] Read more

WTI retreats as U.S. creates less jobs than projected

Oil prices retreated in the late European and early American session as the U.S. Department of Labor reported the U.S. economy has added less jobs in July than forecast. Brent also fell. On the New York Mercantile Exchange, WTI crude for September delivery traded at $106.69 a barrel at 13:54 GMT, down 1.11% on the […] Read more

Gold surges on disappointing U.S. payrolls

Gold surged in late European trading and erased earlier daily losses as the long awaited U.S. Non-Farm Payrolls disappointingly climbed less than expected. The precious metal rose back above the $1 300 mark to hit a new days high minutes after the U.S. Department of Labor released the data. On the Comex division of the […] Read more

Grain futures mixed, corn at 35-month low

Grain futures were mixed on Friday with corn extending falling to the lowest since September 2010, while soybeans remained fairly unchanged and wheat gained. On the Chicago Board of Trade, corn futures for September delivery fell to a fresh 35-month low of $4.8363 a bushel at 12:00 GMT, down 0.82% on the day. The grain […] Read more

Gold below $1 300 on positive U.S. data

Gold fell below the $1 300 mark in early European trading as surprisingly positive U.S. data on Thursday spurred speculation that Fed might start tapering its monetary easing program after the next FOMC meeting in September, thus the dollar strengthened. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery […] Read more