Commodities News - Part 324

Oil prices edge higher on upbeat U.S. and EU data

July 1, 2013 2:51 pm

Oil extended gains on Monday as generally positive data from the EU and U.S. boosted demand outlook. Meanwhile, Chinas PMI readings were lower than May, but overall met projections. On the New York Mercantile Exchange, WTI crude for August delivery traded at $97.98 per barrel at 14:49 GMT, up 1.47% on the day. Prices ranged […] Read more

Soft futures mixed

July 1, 2013 1:52 pm

Soft futures were mixed on Monday with sugar, cotton and cocoa marking daily losses, while arabica and robusta coffee advanced. On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at $0.1686 a pound at 13:21 GMT, down 0.30% on the day. Prices ranged between days high and low at $0.1704 and $0.1679 […] Read more

Grain futures mixed, corn continues to fall for an eight straight day

July 1, 2013 12:41 pm

Grain futures were mixed today following USDAs acreage report on Friday with wheat and soybeans marking daily gains, while corn plunged. On the Chicago Mercantile Exchange, wheat futures for September delivery traded at $6.6038 a bushel, up 0.48% on the day. Prices held in range between days high at $6.6375 and low of $6.5288. The […] Read more

Copper gains more than 2% despite China PMI data

July 1, 2013 11:26 am

Copper surged on Monday, extending Fridays gains. The industrial metal rose as China economic data met expectations, despite marking worse values than the previous month. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery gained 2.15% on the day by 11:24 GMT, trading at $3.123 a pound. The industrial […] Read more

Silver extends gains, tracks gold higher

July 1, 2013 10:50 am

Silver extended gains today after rebounding on Friday from $18.183, the lowest level since August 2010. Investors returned to the market lured by the attractive prices. On the Comex division of the New York Mercantile Exchange silver futures for August delivery traded at $19.640 per troy ounce, up 0.87% on the day. Prices ranged between […] Read more

Gold extends gains after worst quarterly drop since 1920

July 1, 2013 9:01 am

Gold continued to rise on Monday after rebounding from the lowest level since August 2010 and marking the worst quarterly loss since nine decades. The precious metal gained as buyers were lured by the attractive prices and traders closed out bets on lower prices known as short position covering. On the Comex division of the […] Read more

Oil swings on China manufacturing slowdown

July 1, 2013 7:26 am

Oil fluctuated on Monday, erasing previous losses during the early European session. Prices were pressured as Chinas final HSBC PMI hit the lowest level since nine months, supporting the countrys concerning growth outlook, which was recently further trimmed by Goldman Sachs. On the New York Mercantile Exchange, WTI crude for August delivery traded at $96.77 […] Read more

WTI headed to a third weekly gain in June

June 28, 2013 2:56 pm

Oil pared earlier daily gains and plunged towards the red scale as unexpectedly upbeat U.S. consumer confidence gave a strong boost to the U.S. dollar, after which a rebound followed. Meanwhile, Jeffrey Lacker, Richmond Fed president, said during his speech that he doesnt support Feds Quantitative Easing. On the New York Mercantile Exchange, WTI crude […] Read more

Soft futures mixed

June 28, 2013 2:08 pm

Soft futures were mixed on Friday with sugar, coffee and cocoa trading lower on the day, while cotton advanced. On the ICE Futures U.S. exchange, sugar futures for October delivery fell 0.64% at 14:05 GMT. The sweetener traded at $0.1695 а pound, ranging between days high at $0.1715 and low of $0.1694 a pound respectively. […] Read more

Grain futures higher, corn headed for a third quarterly loss in a row

June 28, 2013 12:14 pm

Grain futures remained overall unchanged on Friday, but kept their bearish trends as favorable weather boosted crop developing outlook in the U.S. On the Chicago Mercantile Exchange, corn futures for September delivery traded at $5.7288 a bushel, up 0.22% on the day. Prices ranged between days high at $5.7388 and low of $5.7063, which was […] Read more