Commodities News - Part 309

Soft futures mixed, sugar advances on limited supply

July 31, 2013 12:54 pm

Soft futures were mixed on Wednesday with cocoa, cotton and coffee declining, while sugar advanced. On the ICE Futures U.S. Exchange, raw sugar for October delivery surged to $0.1696 a pound at 12:28 GMT, up 0.12% on the day. Futures ranged between days high and low of $0.1698 and $1686. Meanwhile on the NYSE Liffe […] Read more

Grain futures mixed, wheat surges on increased demand

July 31, 2013 12:01 pm

Grain futures were mixed on Wednesday with corn declining and soybeans hitting a 16-month low, while wheat gained for a fourth straight day as lower prices fueled a demand increase. On the Chicago Board of Trade, wheat futures for September delivery traded at $6.5700 a bushel at 11:50 GMT, up 0.24% on the day. Futures […] Read more

Silver rallies more than 1% on QE outlook

July 31, 2013 10:48 am

Silver tracked golds upward direction on Wednesday. The metal gained more than 1% as market players awaited Feds meeting statement later today to assess whether the central bank will taper its monetary easing program in the upcoming months or that will be postponed. On the Comex division of the New York Mercantile Exchange, silver futures […] Read more

Copper regains positions as China calls for steady growth

July 31, 2013 9:00 am

Copper rebounded from Tuesdays three-week low on Wednesday and surged more than 1% on speculation the Chinese government is determined to stabilize growth in the second half of the year, thus boosting demand for raw materials. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.081 a […] Read more

Gold gains ahead of Fed meeting statement, mixed U.S. data

July 31, 2013 8:25 am

Gold advanced on Wednesday ahead of the outcome of FOMCs two-day meeting, which should provide information whether the central bank will begin tapering its monetary easing program in the upcoming months or deceleration will be delayed. Gold also rose as the dollar was pressured by data and expectations for a slower U.S. economic growth in […] Read more

WTI steady near 3-week low ahead of EIA report, FOMC meeting

July 31, 2013 7:22 am

West Texas Intermediate traded steady above a three-week low on Wednesday as market players remained cautious ahead of the outcome of FOMCs two-day meeting. The Fed will release its post-meeting statement at 18:00 GMT. Investors are also keeping a close eye on the Energy Information Administrations weekly crude oil inventories, which is poised to show […] Read more

Oil at three-week low ahead of U.S. data

July 30, 2013 2:17 pm

West Texas Intermediate fell to its lowest level in three weeks on speculation for faltering demand in the worlds top consumer. The Commerce Department will release a report at 12:30 GMT tomorrow that is likely to show the U.S. economy expanded with a much slower pace in the second quarter, compared to the preceding three […] Read more

Natural gas extends losses on weather forecasts

July 30, 2013 1:49 pm

Natural gas continued its fall on Tuesday as weather forecasts kept pointing at cooler weather across key U.S. consuming areas, limiting demand for the fuel which is used for electricity generation. On the New York Mercantile Exchange, natural gas for September delivery traded at $3.468 per million British thermal unit, down 0.13% on the day. […] Read more

Soft futures mixed, sugar eases off four-week high

July 30, 2013 1:00 pm

Soft futures were mixed on Monday with cotton and cocoa advancing, while coffee fell and sugar eased off a four-week high. On the ICE Futures U.S. Exchange, raw sugar for October delivery traded at $0.1691 a pound at 12:56 GMT, down 0.24% on the day. Futures held in range between days low at $0.1688 and […] Read more

Gold falls on gaining dollar, FOMC meeting in focus

July 30, 2013 11:30 am

Gold fell on Tuesday amid stronger dollar. Market players remained cautious ahead of the outcome of Feds two-day meeting, which should provide further information of when the central banks monetary easing program will be tapered. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 324.15 per […] Read more