Commodities News

Grain futures edge higher on demand outlook

Grain futures traded higher on Wednesday as speculations arose that low prices will encourage importers to fill in stockpiles. Egypt purchased a large quantity of wheat yesterday, while China expects a shipment of corn. On the Chicago Mercantile Exchange, wheat futures for September delivery marked a new days high at $6.6988 a bushel at 9:12 […] Read more

Gold swings on QE against physical demand outlook

Gold swung between gains and losses on Wednesday as prices drew support by increased physical demand. However, expectations of positive readings of this weeks key U.S. economic indicators spurred concern over an earlier deceleration of Feds monetary stimulus. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at […] Read more

WTI above $100 on Egypt tension and drop in U.S. inventories

WTI crude rose for a third consecutive day as tension in Egypt continued to threaten Middle East oil supply and APIs weekly crude inventories report showed a higher than expected drop in inventories. On the New York Mercantile Exchange, WTI for August delivery traded at $101.26 per barrel at 7:06 GMT, up 1.67% on the […] Read more

Gold erases earlier gains on stronger dollar

Gold erased previous gains during the day as concerns over financial problems in Greece and Portugal and political tension in Italy weighed on the Euro, which strengthened the dollar. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 248.35 per troy ounce, down 0.59% on the […] Read more

Natural gas surges amid warm weather forecasts

Natural gas rose on Tuesday more than 1.5% as weather forecasting models suggested warmer than normal temperatures over the next 5 days across the western parts of the U.S. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.644 per million British thermal units at 14:25 GMT, 1.86% higher on the […] Read more

Soft futures mixed

Soft futures were mixed on Tuesday with sugar, cocoa and coffee edging higher, while cotton marked daily losses. On the ICE Futures U.S. Exchange, arabica coffee traded at $1.2228 a pound at 12:19 GMT, up 0.29% on the day. Prices ranged between days high and low at $1.2313 and $1.2173 a pound respectively. The C […] Read more

Copper falls on stronger dollar and China economic slowdown

Copper failed to extend Mondays 3% rally through Tuesday and declined as the stronger dollar and slowing economic growth in China weighed on prices. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery lost 0.30% on the day by 10:05 GMT. The industrial metal traded at $3.148 a pound […] Read more

Corn gains on speculations low prices will spur demand, wheat ends an 8-day losing streak

Grain futures edged higher on Tuesday amid speculation attractive low prices will boost demand. Wheat advanced for the first time after posting an 8-day declining period. Soybeans also gained. On the Chicago Mercantile Exchange, corn futures for September delivery traded at $5.3388 a bushel, up 0.43% on the day at 8:59 GMT. Prices ranged between […] Read more

Gold extends 34-month low rebound for a third day

Gold gained for a third consecutive day after rebounding from a 34-month low on Friday, supported by increased physical demand, which however will not repeat Aprils frenzy buying. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 264.05 per troy ounce, up 0.66% on the day. […] Read more