Commodities News

WTI falls for a third day on QE outlook, geopolitical unrest supports

West Texas Intermediate fell for a third straight day on Wednesday as investors remained cautious ahead of the release of FOMCs July meeting minutes later today. Market players also awaited EIAs weekly crude oil inventories report at 14:30 GMT, which is expected to show inventories have fallen last week. Persisting geopolitical risks in Egypt and […] Read more

Natural gas hits a three-week high on warm weather forecasts

Natural gas futures extended gains on Tuesday as weather forecasters continued to predict above-average temperatures in key U.S. consuming areas, thus boosting the power plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for September delivery traded at $3.490 at 14:53 GMT, marking a 0.77% daily advance. Prices held in range between […] Read more

Gold rebounds on weaker dollar

Gold erased earlier daily losses and rose to positive territory as a broadly weaker greenback allowed dollar-denominated commodities to extend positions. Platinum also reversed movement, while silver and palladium trimmed prior losses. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 370.00 per troy ounce at […] Read more

Grain futures edge lower on ample supply outlook

Grain futures fell on Tuesday amid record high output forecasts, despite USDAs weekly crop progress report on Monday that showed corn and soybeans condition has worsened last week. Corn retreated from a three-week high, while soybeans eased from the strongest level in four weeks. Wheat fell as well. On the Chicago Board of Trade, corn […] Read more

Copper falls on Fed stimulus outlook, China manufacturing data in focus

Copper fell for a second day on Tuesday as market players assessed the prospect of Fed reducing its monetary stimulus in the near future with the upcoming release of FOMCs July meeting minutes. Upcoming China manufacturing data fell in focus. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in […] Read more

Gold down for a second day on QE outlook

Gold fell for a second day and is headed for its first back-to-back drop in two weeks as market players became wary ahead of the release of FOMCs July meeting minutes on Wednesday, while Mondays two-month high dampened demand. Platinum and palladium fell and silver tumbled more than 2%. On the Comex division of the […] Read more

Oil eases on Fed stimulus outlook, inventories data in focus

Oil prices fell for a second day after snapping a 6-day winning streak on Monday amid speculations what information tomorrows minutes from FOMCs July meeting will reveal. Losses remained in check on expectations the Energy Information Administration will report on Wednesday that U.S. crude oil reserves have dropped to the lowest since September. Persisting unrest […] Read more

Natural gas surges over 3.5% on warm weather forecasts and average storage projections

Natural gas futures rose to a three-week high on Monday as weather forecasters predicted hot weather through late August that should crank up demand for the plant fuel. Meanwhile, Morgan Stanley expects natural gas inventories at the end of October to be in line with the last three years storage levels. On the New York […] Read more

Grain futures edge higher, soybeans extend gains on weather concerns

Grain futures rose on Monday with soybeans advancing more than 1.5% on forecasts for dry weather that could harm yields. Corn and wheat also surged. On the Chicago Board of Trade, soybeans futures for September delivery traded at $13.0500 a bushel at 12:06 GMT, up 1.67% on the day. Prices held in range between days […] Read more

Copper falls on China trading error, QE uncertainty

Copper fell on Monday, snapping ten straight days of gains, as a round of profit taking following Fridays three-month high kicked in. Meanwhile, a trading error at Everbright Securities Co. on August 16 reduced investor confidence in Chinas stock market while uncertainty over Feds moves regarding its bond purchasing program left market players ambivalent following […] Read more