Commodities News

Soft futures edge higher on weaker dollar, robusta on a seven-week high on Vietnam exports

Soft futures edged higher on Tuesday with robusta hitting a seven-week high as Vietnamese exports fall, while rains in Brazils top growing areas are expected to disturb harvesting. Cocoa also advanced. On the NYSE Liffe, robusta futures for September delivery traded at $1 944 a ton, up 2.10% on the day. Prices held in range […] Read more

Grain futures edge higher, corn rallies on increased demand

Grain futures advanced on Tuesday with corn gaining for the first time in three days as data showed that demand for suppliers in the U.S. increased, while crop quality decreased, compared to the preceding week. On the Chicago Board of Trade, corn futures for September delivery traded at $5.4700 per bushel at 10:36 GMT, up […] Read more

Copper advances ahead of U.S. data, Bernanke statement

Copper advanced on Tuesday ahead of U.S. economic data, which is expected to show an advance in industrial production, and Ben Bernankes testimony to Congress on Wednesday and Thursday. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.151 a pound at 8:52 GMT, up 0.22% on […] Read more

Gold little changed ahead of Bernanke’s testimony

Gold remained little changed in the early European session as investors remained cautious ahead of Fed Chairman Ben Bernankes testimony to Congress on Wednesday. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 284.95 per troy ounce, up 0.11% on the day. Prices held in range […] Read more

Oil eases ahead of API data, possible one-year high

Oil traded overall lower during early European trading amid growing concern over demand in the worlds second biggest consumer, China. However, losses remained limited as analysts expect a new weekly drop in U.S. crude oil inventories, which, if confirmed might boost, WTI to a new years high. On the New York Mercantile Exchange, WTI crude […] Read more

Gold erases previous losses on weaker dollar

Gold regained positions during the early U.S. session as disappointing U.S. economic data pressured down the dollar. The precious metal surged more than $10 after June Retail Sales failed to meet expectations. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 284.15 per troy ounce at […] Read more

Soft futures mixed, cocoa drops as concern over unfavorable weather eased

Soft futures were mixed on Wednesday with sugar and coffee marking daily gains, while cotton and cocoa declined. On the ICE Futures U.S. Exchange, cocoa futures for September delivery traded at $2 225.50 a ton at 13:41 GMT, down 0.51% on the day. Prices held in range between days high and low of $2 235.50 […] Read more

Grain futures lower, corn drops amid favorable conditions

Grain futures were mixed on Wednesday with corn and wheat tumbling more than 1%, while soybeans remained fairly unchanged but still traded lower. On the Chicago Board of Trade, corn futures for September delivery traded at $5.3713 per bushel at 12:17 GMT, down 1.37% on the day. Prices ranged between daily high of $5.4363 and […] Read more

Copper falls on weak China data

Copper fell on Monday, snapping last weeks advance after data showed Chinas economy expanded slower in the second quarter compared to 2012. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.133 at 10:02 GMT, down 0.71% on the day. Prices held in range between days high […] Read more

Natural gas gains on warmer weather forecasts

Natural gas rose on Monday, extending last weeks gains as weather forecasting models pointed at above-normal temperatures in parts of the U.S., boosting demand for the fuel. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.677 per million British thermal units at 8:56 GMT, up 0.91% on the day. Prices […] Read more