February 20, 2014 3:07 pm
Grain futures were mixed on Thursday, corn traded close to the strongest level in almost five months on signs demand for US supplies has increased. Meanwhile, wheat touched a two-month high, while soybeans traded little changed. On the Chicago Board of Trade, corn futures for March delivery traded little changed at $4.5313 a bushel by […]
Read moreFebruary 20, 2014 1:24 pm
Natural gas swung between gains and losses after hitting a more than 5-year high as the extremely cold weather in the US boosted massive demand for the heating fuel, at a time when stockpiles are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared […]
Read moreFebruary 20, 2014 8:34 am
West Texas Intermediate crude eased off four-month high levels after a preliminary private report showed manufacturing activity in China fell to the lowest in seven months, suggesting crude demand from the worlds second biggest consumer might soften. However, cold weather across the US draining the nations distillate fuel supplies and an expected third consecutive weekly […]
Read moreFebruary 20, 2014 8:13 am
Gold declined for a third day on expectations the Federal Reserve Bank will keep cutting stimulus at each policy meeting, before exiting the program at the end of the year and as assets in the SPDR Gold Trust, the biggest bullion-backed ETF, shrank by the most in two months. On the Comex division of the […]
Read moreFebruary 19, 2014 3:59 pm
Grain futures were mixed on Wednesday, corn touched the strongest level in almost five months on signs demand for US supplies has increased. Meanwhile, wheat also gained, while soybeans edged lower. On the Chicago Board of Trade, corn futures for March delivery added 0.32% to trade at $4.5063 a bushel by 15:55 GMT. Futures hit […]
Read moreFebruary 19, 2014 10:36 am
Natural gas soared to the strongest level in more than four years, following a speculation for a larger than the 5-year average drop in US gas stockpiles, after the strong winter storm that tracked across the Northern US yesterday, boosted demand for the power station fuel, at a time when stockpiles are already at a […]
Read moreFebruary 19, 2014 8:24 am
West Texas Intermediate crude held above the $102 mark after surging to the highest in four months on speculations supplies at Cushing, Oklahoma, fell for a third straight week and as frigid weather in the US probably drained the nations distillate fuel inventories for a sixth week. Ongoing turmoil in Libya, renewed tension in South […]
Read moreFebruary 19, 2014 7:52 am
Gold extended a drop from the strongest level in 3-1/2 months amid speculations Federal Reserve minutes will reveal Fed officials backing further stimulus reductions. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged for a second day, after capping three 5-day periods of advances last week, the longest run since August. On […]
Read moreFebruary 18, 2014 3:36 pm
Grain futures advanced, corn rose to the strongest level since October, on speculation the dry weather in Brazil may harm crops. Meanwhile, soybeans increased to a 5-month high, while wheat touched the strongest level in more than a month. On the Chicago Board of Trade, corn futures for March delivery added 0.34% to trade at […]
Read moreFebruary 18, 2014 1:09 pm
Natural gas extended yesterday’s gains as a winter storm tracked across the northeastern part of the US, lowering temperatures to much-below-normal and boosting demand for the power station fuel, at a time when stockpiles are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared […]
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