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Grain futures mixed, corn declines on ample supply outlook

July 12, 2013 12:37 pm
Grain futures were mixed on Friday with wheat and soybeans marking daily gains, while corn declined amid ample supplies and declining demand. On the Chicago Board of Trade, corn futures for September delivery traded at $5.5725 a bushel at 12:35 GMT, down 0.56% on the day. Prices held in range between $5.6063 and $5.5575. The […] Read more

Copper falls on China demand outlook

July 12, 2013 10:42 am
After gaining for the past two days, copper fell nearly 1% on Friday amid concerns over demand from the worlds biggest consumer, China. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.148 a pound at 10:38 GMT, down 0.92% on the day. Prices held in range […] Read more

Gold en route to best week since October

July 12, 2013 8:35 am
Gold fell during the early European session but is still headed for its best week since October as Fed Chairman Ben Bernanke said on Wednesday the U.S. economy still needs the central banks accommodative monetary stimulus, deferring its imminent deceleration. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery […] Read more

WTI trims weekly gains, Brent below $108

July 12, 2013 7:25 am
Oil prices remained pressured on Friday and extended losses amid Thursdays negative U.S. jobless data and IEAs report which showed rising supply in 2014 will outpace increase in demand. On the New York Mercantile Exchange, WTI crude for August delivery traded at $104.68 per barrel at 7:21 GMT, down 0.22% on the day. Prices held […] Read more

Natural gas inventories rise overall in range of expectations

July 11, 2013 2:59 pm
According to the U.S. Energy Information Administration, natural gas inventories rose a bit more than expected during the week ending July 5. The fuel kept falling on the day as weather forecasting models showed below-normal temperatures across the eastern parts of the U.S. On the New York Mercantile Exchange, natural gas for August delivery traded […] Read more

Grain futures edge higher on weaker dollar and unfavorable weather

July 11, 2013 10:59 am
Grain futures advanced on Thursday amid weaker U.S. dollar and concern over drier weather in the Midwest U.S. stressing corn and soybeans crops. On the Chicago Board of Trade, corn futures for September delivery traded at $5.5988 a bushel at 10:50 GMT, up 1.06% on the day. Prices held in range between days high and […] Read more

Copper extends gains on QE outlook

July 11, 2013 9:57 am
Copper extended Wednesdays gains and surged more than 3% on Thursday, following Feds comments which dampened speculation over an earlier than expected deceleration of the central banks monetary easing program. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.183 a pound at 9:54 GMT, up 2.99% […] Read more

Silver rallies more than 4% on Fed comments

July 11, 2013 9:06 am
Silver surged more than 4% on Thursday to a three-week high following comments by Fed Chairman Ben Bernanke, which dampened concern over an earlier-than-expected deceleration of the central banks monetary easing program. On the Comex division of the New York Mercantile Exchange, silver futures for September delivery traded at $20.040 per troy ounce at 8:45 […] Read more

Gold rallies on Fed comments

July 11, 2013 8:21 am
Gold surged more than 3%, nearing the $1 300 mark, the highest since in weeks, after Ben Bernanke, Fed Chairman, announced yesterday the U.S. economy needs the central banks accommodative monetary easing program running in the foreseeable future. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at […] Read more